New Issue: Turkey's Yuksel Insaat sells $200 million 9½% notes due 2015 at 98.069 to yield 10%

By Christine Van Dusen

Atlanta, Nov. 5 - Turkey's Yuksel Insaat AS priced $200 million 9½% notes (B1//B) due Nov. 10, 2015 at 98.069 to yield 10%, a market source said.

BNP Paribas and Standard Chartered were the bookrunners for the Regulation S-only notes, which were talked to yield in the 10% area and are non-callable for three years.

Yuksel Insaat is a construction company based in Ankara, Turkey.

Issuer:	Yuksel Insaat AS
Amount:	$200 million
Maturity:	Nov. 10, 2015
Description:	Notes
Bookrunners:	BNP Paribas, Standard Chartered
Coupon:	9½%
Price:	98.069
Yield:	10%
Call features:	Non-callable for three years
Trade date:	Nov. 5
Settlement date:	Nov. 10
Ratings:	Moody's: B1
	Fitch: B
Distribution:	Regulation S only

© 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.