Turkey's Bank Asya talks 10-year dollar notes at mid-7% area

By Christine Van Dusen

Atlanta, March 20 - Turkey's Asya Katilim Bankasi AS (Bank Asya) set initial talk at the mid-7% area for its 10-year offering of dollar-denominated Islamic bonds, a market source said.

The Regulation S notes will be issued by Asya Sukuk Co. Ltd. and will be non-callable for five years.

BofA Merrill Lynch, ENBD Capital, HSBC and National Bank of Abu Dhabi are the bookrunners for the deal.

A roadshow began on March 14.

Bank Asya is a lender based in Istanbul.

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