Turkey launches $2 billion 10-year notes to yield 5.2%

By Rebecca Melvin

New York, Jan. 9 – The Republic of Turkey launched an offering of $2 billion of 10-year notes to yield 5.2%, according to a market source.

The registered bonds had order books in excess of $6 billion.

Joint bookrunning managers are Citigroup, Deutsche Bank Securities and HSBC.

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

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