Published on 6/7/2017 in the Prospect News Emerging Markets Daily.
New Issue: Yapi Kredi sells 500 million Turkish lira three-year notes at 13 1/8%
By Colin Hanner
Chicago, June 7 – Turkey’s Yapi ve Kredi Bankasi AS (Yapi Kredi) sold 500 million Turkish lira three-year notes at par to yield 13 1/8% on Wednesday, a market source said.
Price talk for the notes was initially in the 13¼% area before tightening to 13 1/8%.
HSBC was the bookrunner for the deal.
| Issuer: | Yapi ve Kredi Bankasi AS (Yapi Kredi)
|
| Description: | Notes
|
| Amount: | 500 million Turkish lira
|
| Maturity: | 2020
|
| Bookrunner: | HSBC
|
| Coupon: | 13 1/8%
|
| Price: | Par
|
| Yield: | 13 1/8%
|
| Trade date: | June 7
|
| Price talk: | 13 1/8%, tightening from 13¼%
|
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