Published on 10/8/2010 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.
New Issue: Turkey's Yapi Kredi prices $750 million five-year notes at par to yield 5.1875%
By Christine Van Dusen
Atlanta, Oct. 8 - Turkey's Yapi Kredi priced $750 million unsecured loan participation notes due Oct. 13, 2015 at par to yield 5.1875%, a market source said.
Citigroup, Deutsche Bank and Unicredit were the bookrunners for the Rule 144A and Regulation S deal, which was talked to yield in the 5.1875% to 5¼% area.
Yapi Kredi is a commercial bank based in Istanbul.
| Issuer: | Yapi Kredi
|
| Amount: | $750 million
|
| Maturity: | Oct. 13, 2015
|
| Description: | Unsecured loan participation notes
|
| Bookrunners: | Citigroup, Deutsche Bank, Unicredit
|
| Coupon: | 5.1875%
|
| Price: | Par
|
| Yield: | 5.1875%
|
| Trade date: | Oct. 4
|
| Settlement date: | Oct. 13
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5.1875% to 5¼%
|
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