Turkey's Isbank talks 51/2-year dollar notes; pricing expected Thursday

By Christine Van Dusen

Atlanta, Oct. 7 - Turkey's Turkiye Is Bankasi AS (Isbank) set initial talk in the mid-swaps plus 400 basis points to 410 bps area for its planned dollar-denominated issue of benchmark-sized notes due in 5½ years, a market source said.

BNP Paribas, Commerzbank, JPMorgan, Morgan Stanley and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.

Isbank is a lender based in Istanbul.

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