New Issue: Turkey's Arcelik sells $500 million 5% 10-year notes to yield 5 1/8%

By Christine Van Dusen

Atlanta, March 25 - Turkey's Arcelik AS sold $500 million 5% 10-year notes (/BB+/BB+) at 99.031 to yield 5 1/8%, a market source said.

The notes were talked at 5 3/8% to 5½%.

BofA Merrill Lynch, JPMorgan and RBS were the bookrunners for the Rule 144A and Regulation S deal.

Arcelik is a household appliances manufacturer based in Sutluce, Turkey.

Issuer:	Arcelik AS
Amount:	$500 million
Maturity:	April 3, 2023
Description:	Senior notes
Bookrunners:	BofA Merrill Lynch, JPMorgan, RBS
Coupon:	5%
Price:	99.031
Yield:	5 1/8%
Trade date:	March 25
Settlement date:	April 3
Ratings:	Standard & Poor's: BB+
	Fitch: BB+
Distribution:	Rule 144A and Regulation S
Price talk:	5 3/8% to 5½%

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