Turkey’s Isbank sets talk for 5˝-year dollar notes; pricing Thursday

By Christine Van Dusen

Atlanta, Oct. 23 – Turkey’s Turkiye Is Bankasi AS (Isbank) set talk in the mid-swaps plus 355 basis points to 365 bps area for a benchmark-sized offering of dollar-denominated notes due in 5˝ years (expected ratings: Baa3//BBB-), a market source said.

Citigroup, Commerzbank, MUFG, Natixis Securities and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.

The notes are expected to price on Thursday.

The lender is based in Istanbul.

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