Published on 1/24/2018 in the Prospect News Emerging Markets Daily.
New Issue: Turkey’s Fibabanka settles $300 million 6% five-year notes at par
By Rebecca Melvin
New York, Jan. 24 – Fibabanka AS priced $300 million of 6% five-year notes at par, according to a market source on Wednesday. The offering priced last week and settled on Tuesday.
Citigroup, ICBC and Standard Chartered Bank were bookrunners of the Rule 144A and Regulation S notes.
Fibabanka is an Istanbul-based private bank.
| Issuer: | Fibabanka AS
|
| Description: | Notes
|
| Amount: | $300 million
|
| Maturity: | Jan. 23, 2023
|
| Bookrunners: | Citigroup and Standard Chartered Bank
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Settlement date: | Jan. 23
|
| Distribution: | Rule 144A and Regulation S
|
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