| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Y > Headlines for Yapi ve Kredi Bankasi AS > News item |
Qatar tranches edge up in trade; Yapi Kredi, Turkiye Sise talk deals
By Rebecca Melvin
New York, March 7 – Qatar’s newly priced tranches edged up by ¼ point or less on Thursday after the state printed $12 billion of notes due 2024, 2029 and 2049.
The $2 billion tranche of 3 3/8% five-year notes was quoted at 100.06 bid, 100.10 offered by a trader in London near the end of Europe’s trading session. The notes priced at a reoffered 99.89 to yield 3.399%, or U.S. Treasuries plus 90 basis points, which was tight compared to initial price talk of Treasuries plus 110 bps.
The $4 billion tranche of 4% 10-year notes was quoted at 100.12 bid, 1001.8 offered, and the $6 billion tranche of 4.817% 30-year notes was quoted at 100.15 bid 100.25 offered.
The 10-year notes priced at 99.649 to yield 4.043%, or a spread of Treasuries plus 135 bps, which was tightened from initial price thoughts of Treasuries plus 160 bps. The 30-year notes sold at par to yield Treasuries plus 175 bps.
A pair of Turkish issuers were in the market.
Istanbul-based commercial bank Yapi ve Kredi Bankasi AS (Yapi Kredi) was talking $500 million of five-year notes to yield in the 8¼% area, according to a syndicate source on Thursday.
Turkiye Sise ve Cam Fabrikalary AS was talking a planned U.S. dollar-denominated benchmark offering of seven-year notes on Thursday to yield in the range of 7¼% to 7 3/8%.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.