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Turkey to tap 4 7/8% notes due 2026 in 4.9% area
By Christine Van Dusen
Atlanta, Oct. 14 – Turkey is looking to tap its 4 7/8% dollar-denominated notes due Oct. 9, 2026 at a yield in the 4.9% area, a market source said.
Citigroup, HSBC and JPMorgan are the bookrunners for the Securities and Exchange Commission-registered notes.
The proceeds will be used for general refinancing purposes.
The original $1.5 billion 4 7/8% notes due 2026 priced in March at 98.977 to yield 5%.
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