By Christine Van Dusen and Paul A. Harris
Atlanta, Oct. 23 - Turkey's BankPozitif priced $150 million of 7% eurobonds (//BB-) due Oct. 28, 2014 at par to yield 7%, according to a market source.
The deal came in line with price guidance of the 7% area.
On a spread basis, the bonds came at 464 basis points over Treasuries.
JP Morgan, RBS and Standard Bank are the bookrunners for the Regulation S offering.
BankPozitif is a bank based in Istanbul.
| Issuer: | BankPozitif
|
| Amount: | $150 million
|
| Maturity: | Oct. 28, 2014
|
| Description: | Eurobonds
|
| Bookrunners: | JP Morgan, RBS, Standard Bank
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Spread: | 464 bps
|
| Trade date: | Oct. 21
|
| Settlement date: | Oct. 28
|
| Price talk: | 7% area
|
| Distribution: | Regulation S
|
| Ratings: | Fitch: BB-
|
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