New Issue: Republic of Turkey sells $750 million seven-year notes to yield 9¼%

By Reshmi Basu and Paul A. Harris

New York, June 24 - The Republic of Turkey priced $750 million of seven-year global bonds (B1/B+) at 98.732 to yield 9¼%, according to a market source.

JP Morgan and Lehman Brothers ran the books.

Issuer:	Republic of Turkey
Amount:	$750 million
Issue:	Global bonds
Maturity:	June 30, 2011
Coupon:	9%
Issue Price:	98.732
Yield:	9¼%
Spread:	U.S. Treasuries plus 493 basis points
Settlement date:	June 30
Bookrunners:	JP Morgan, Lehman Brothers
Ratings:	Moody's: B1
	Standard & Poor's: B+

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.