Published on 10/22/2014 in the Prospect News Emerging Markets Daily.
New Issue: Turkey’s Yapi Kredi prices $50 million more 5 1/8% notes due 2019 at 100.5
By Christine Van Dusen
Atlanta, Oct. 22 – Turkey’s Yapi ve Kredi Bankasi AS (Yapi Kredi) priced a $50 million add-on to its existing 5 1/8% notes due Oct. 22, 2019 (expected ratings: Baa3//BBB) at 100.5 to yield 5.01% on Wednesday, a market source said.
Commerzbank, JPMorgan, Societe Generale, Standard Chartered Bank and UniCredit were the bookrunners for the Rule 144A and Regulation S deal.
The total deal size is now $550 million.
The issuer is an Istanbul-based lender.
Issuer: | Yapi ve Kredi Bankasi AS (Yapi Kredi)
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Amount: | $50 million
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Maturity: | Oct. 22, 2019
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Description: | Senior notes
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Bookrunners: | Commerzbank, JPMorgan, Societe Generale, Standard Chartered Bank, UniCredit
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Coupon: | 5 1/8%
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Price: | 100.5
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Yield: | 5.01%
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Trade date: | Oct. 22
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Expected ratings: | Moody’s: Baa3
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| Fitch: BBB
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Distribution: | Rule 144A and Regulation S
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Total amount: | $550 million
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