New Issue: Turkey prices $1 billion 5 1/8% notes due 2022 to yield Treasuries plus 310 bps

By Christine Van Dusen

Atlanta, Oct. 17 - The Republic of Turkey priced a $1 billion issue of 5 1/8% notes due March 25, 2022 (Ba2/BB/BB+) at 98.94 to yield 5.259%, or Treasuries plus 310 basis points, a market source said.

The notes came to the market at the wider end of talk, set at Treasuries plus 300 bps to 310 bps.

Bank of America Merrill Lynch and HSBC were the bookrunners for the Securities and Exchange Commission-registered deal.

Issuer:	Republic of Turkey
Amount:	$1 billion
Maturity:	March 25, 2022
Description:	Notes
Bookrunners:	Bank of America Merrill Lynch, HSBC
Coupon:	5 1/8%
Price:	98.94
Yield:	5.259%
Spread:	Treasuries plus 310 bps
Trade date:	Oct. 17
Settlement date:	Oct. 25
Ratings:	Moody's: Ba2
	Standard & Poor's: BB
	Fitch: BB+
Distribution:	Securities and Exchange Commission registered
Price talk:	Treasuries plus 300 bps to 310 bps

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