New Issue: Turkey sells €1.24 billion 4.35% eight-year notes to yield 4.45%

By Christine Van Dusen

Atlanta, Nov. 5 - Turkey priced €1,241,000,000 of 4.35% eight-year notes (Baa3//BBB-) at 99.339 to yield 4.45%, or mid-swaps plus 315 basis points, according to a filing from the sovereign and another market source.

Barclays, Credit Suisse and Deutsche Bank were the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will be used for general financing purposes, including the repayment of debt.

Issuer:	Turkey
Amount:	€1,241,000,000
Maturity:	Nov. 12, 2021
Description:	Notes
Bookrunners:	Barclays, Credit Suisse, Deutsche Bank
Coupon:	4.35%
Price:	99.339
Yield:	4.45%
Spread:	Mid-swaps plus 315 bps
Trade date:	Nov. 5
Settlement date:	Nov. 12
Ratings:	Moody's: Baa3
	Fitch: BBB-
Distribution:	Securities and Exchange Commission registered

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