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Turkey's Mersin talks $450 million seven-year notes at low-6% area
By Christine Van Dusen
Atlanta, Aug. 1 - Turkey's Mersin Uluslararasi Liman Isletmeciligi AS (Mersin International Port) set price talk in the low-6% area for its upcoming $450 million issue of seven-year notes (expected ratings: Baa3//BBB-), a market source said.
Citigroup, DBS Bank and Unicredit Bank are the bookrunners for the Rule 144A and Regulation S deal.
The notes include a change-of-control put and are non-callable for five years.
The Mersin-based issuer runs Turkey's largest port, which is jointly owned by Akfen Holding and PSA International.
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