Published on 10/31/2011 in the Prospect News Emerging Markets Daily.
New Issue: Turk Ekonomi prices €75 million notes due 2023 at Euribor plus 475 bps
By Christine Van Dusen
Atlanta, Oct. 31 - Turkey's Turk Ekonomi Bankasi priced a €75 million issue of notes due Nov. 4, 2023 at par to yield Euribor plus 475 basis points, a market source said.
BNP was the bookrunner for the notes, which are callable on Nov. 4, 2018.
Turk Ekonomi Bankasi is a lender based in Istanbul.
| Issuer: | Turk Ekonomi Bankasi
|
| Issue: | Notes
|
| Amount: | €75 million
|
| Maturity: | Nov. 4, 2023
|
| Description: | Notes
|
| Bookrunner: | BNP Paribas
|
| Coupon: | Euribor plus 475 bps
|
| Price: | Par
|
| Yield: | Euribor plus 475 bps
|
| Call features: | Callable on Nov. 4, 2018
|
| Trade date: | Oct. 31
|
| Settlement date: | Nov. 4
|
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