Turkey's Yasar Holding could issue €200 million 9½% notes due 2011

By Christine Van Dusen

Atlanta, Sept. 16 - Turkey's Yasar Holding AS is looking at a plan to issue €200 million 9½% notes due 2011, according to a company filing.

The bookrunner for the deal is Barclays Capital, which also is expected to provide a dollar-denominated loan to Yasar and then sub-participate the loan to Willow No. 2 (Ireland) plc. Willow No. 2 will sell the new notes in order to fund the purchase of the sub-participation in the loan.

Yasar is an Izmir, Turkey-based business conglomerate.

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