By Aaron Hochman-Zimmerman
New York, Feb. 13 - Bank Pozitif priced $150 million of five-year notes at par with a coupon of 7.1%, according to a market source.
Citigroup and Commerzbank acted as bookrunners for the Regulation S only deal.
The bonds are scheduled to mature on Feb. 20, 2013.
Bank Pozitif is an Istanbul-based retail and commercial lender.
| Issuer: | Bank Pozitif
|
| Amount: | $150 million
|
| Issue: | 10-year global notes
|
| Maturity: | Feb. 20, 2013
|
| Coupon: | 7.1%
|
| Price: | Par
|
| Yield: | 7.1% |
|
| Bookrunners: | Citigroup, Commerzbank
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 20
|
| Distribution: | Regulation S
|
| Ratings: | Fitch: BB
|
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