Yapi Kredi offering $500 million seven-year bonds at 5.85%

By Colin Hanner

Chicago, June 14 – Turkey’s Yapi ve Kredi Bankasi AS (Yapi Kredi) is offering $500 million seven-year bonds at 5.85%, a market source said on Wednesday.

Price talk on the Rule 144A and Regulation S offering tightened to 5.85% from the 6% area, a market source said.

Proceeds of the bonds will be used for general corporate purposes.

BNP Paribas, Goldman Sachs International, JPMorgan, Mizuho, Standard Chartered Bank and UniCredit are the bookrunners for the deal.

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