Published on 10/19/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Turkey's Anadolu Efes prices $500 million 3 3/8% notes due 2022 at 175 bps spread
By Christine Van Dusen
Atlanta, Oct. 19 - Turkey's Anadolu Efes Biracilik Ve Malt San priced $500 million 3 3/8% notes due Nov. 1, 2022 (Baa3/BBB/) to yield Treasuries plus 175 basis points, according to a source close to the deal.
The notes were talked at the Treasuries plus 225 bps area, a market source said.
Bank of America Merrill Lynch, HSBC, JPMorgan and RBS were the bookrunners for the Rule 144A and Regulation S deal.
Anadolu Efes is an Istanbul-based beverage company.
Issuer: | Anadolu Efes Biracilik Ve Malt San
|
Amount: | $500 million
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Maturity: | Nov. 1, 2022
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Description: | Notes
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Bookrunners: | Bank of America Merrill Lynch, HSBC, JPMorgan, RBS
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Coupon: | 3 3/8%
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Spread: | Treasuries plus 175 bps
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Trade date: | Oct. 19
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Settlement date: | Oct. 25
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Ratings: | Moody's: Baa3
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| Standard & Poor's: BBB-
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Distribution: | Rule 144A and Regulation S
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Price talk: | Treasuries plus 225 bps
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