By Christine Van Dusen
Atlanta, April 28 – Turkey priced a $1.5 billion tap of is 6 5/8% notes due Feb. 17, 2045 (Baa3//BBB-) at 117.781 to yield 5.4% on Thursday, according to a report filed by the sovereign and a market source.
BNP Paribas, Goldman Sachs and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered issue.
The original $1.5 billion issue came to the market in February of 2014 at 99.026 to yield 6.7%, or Treasuries plus 297.2 basis points.
BofA Merrill Lynch, BNP Paribas and Goldman Sachs International were the bookrunners.
| Issuer: | Turkey
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| Amount: | $1.5 billion
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| Maturity: | Feb. 17, 2045
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| Description: | Notes
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| Bookrunners: | BNP Paribas, Goldman Sachs, JPMorgan
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| Coupon: | 6 5/8%
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| Price: | 117.781
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| Yield: | 5.4%
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| Spread: | 271.7 bps
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| Trade date: | April 28
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| Settlement: | May 4
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| Ratings: | Moody's: Baa3
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| Fitch: BBB-
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| Distribution: | SEC registered
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| Original issue: | $1.5 billion priced in February 2014 at 99.026 to yield 6.7%, or 297.2 bps over Treasuries
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