By Colin Hanner
Chicago, June 15 – Turkey’s Yapi ve Kredi Bankasi AS (Yapi Kredi) sold $500 million seven-year notes (Ba1//BBB-) at par to yield 5.85% on Wednesday, a market source said.
Price talk on the Rule 144A and Regulation S offering tightened to 5.85% from the 6% area, a market source said.
Proceeds of the bonds will be used for general corporate purposes.
BNP Paribas, Goldman Sachs International, JPMorgan, Mizuho, Standard Chartered Bank and UniCredit are the bookrunners for the deal.
Yapi Kredi is an Istanbul-based lender.
| Issuer: | Yapi ve Kredi Bankasi AS (Yapi Kredi)
|
| Description: | Notes
|
| Amount: | $500 million
|
| Maturity: | June 21, 2024
|
| Bookrunners: | BNP Paribas, Goldman Sachs International, JPMorgan, Mizuho, Standard Chartered Bank and UniCredit
|
| Coupon: | 5.85%
|
| Price: | Par
|
| Yield: | 5.85%
|
| Trade date: | June 14
|
| Settlement date: | June 21
|
| Ratings: | Moody’s: Ba1
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5.85%, tightening from 6% area
|
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