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Yapi Kredi talks $500 million five-year notes to yield 8¼% area
By Rebecca Melvin
New York, March 7 – Turkey’s Yapi ve Kredi Bankasi AS (Yapi Kredi) was talking $500 million of five-year notes to yield in the 8¼% area, according to a syndicate source on Thursday.
Order books were in excess of $800 million, the source said.
Citigroup, Emirates NBD Capital, Morgan Stanley, SMBC Nikko, Standard Chartered Bank and UniCredit were joint bookrunners of the deal.
The issuer is a commercial bank based in Istanbul.
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