By Christine Van Dusen
Atlanta, Feb. 13 - Turkey released details on its $1.5 billion issue of 6 5/8% 31-year notes (Baa3//BBB-), according to a 424B5 filing with the Securities and Exchange Commission.
The notes came to the market on Wednesday at 99.026 to yield 6.7%, or Treasuries plus 297.2 basis points, according to a company filing.
The notes were talked at 6¾% to 6 7/8%.
BofA Merrill Lynch, BNP Paribas and Goldman Sachs International were the bookrunners for the SEC-registered deal.
| Issuer: | Turkey
|
| Amount: | $1.5 billion
|
| Maturity: | Feb. 17, 2045
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas, Goldman Sachs International
|
| Coupon: | 6 5/8%
|
| Price: | 99.026
|
| Yield: | 6.7%
|
| Spread: | Treasuries plus 297.2 bps
|
| Trade date: | Feb. 12
|
| Settlement date: | Feb. 19
|
| Ratings: | Moody's: Baa3
|
| Fitch: BBB-
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | 6¾% to 6 7/8%
|
© 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.
