New Issue: Turk Eximbank prices $500 million 5 7/8% notes due 2019 at 445 bps over mid-swaps

By Aleesia Forni

Columbus, Ohio, April 18 - Export Credit Bank of Turkey SA priced $500 million 5 7/8% seven-year notes (Ba1/BB/) to yield mid-swaps plus 445 basis points, according to a syndicate source.

The Rule 144A and Regulation S notes priced at 98.927 to yield 6.065%.

Barclays Bank plc, Citigroup Global Markets Ltd., ING Bank NV and Standard Chartered bank were the bookrunners.

Turk Eximbank is an Ankara, Turkey-based export credit agency.

Issuer:	Export Credit Bank of Turkey SA
Issue:	Notes
Amount:	$500 million
Maturity:	April 24, 2019
Bookrunners:	Barclays Bank plc, Citigroup Global Markets Ltd., ING Bank NV, London Branch and Standard Chartered Bank
Coupon:	5 7/8%
Price:	98.927
Yield:	6.065%
Spread:	Mid-swaps plus 445 bps
Distribution:	Rule 144A and Regulation S
Trade date:	April 13
Settlement date:	April 20
Ratings:	Moody's: Ba1
	Standard & Poor's: BB

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