Turkey’s Fibabanka sets price talk at 8% area for $300 million notes

By Colin Hanner

Chicago, May 3 – Fibabanka AS announced initial price talk in the 8% area for its proposed tier 2 dollar-denominated offering of notes (//BB-), a market source said.

The size of the deal is expected to be up to $300 million, the market source said.

The notes will be issued by Fiba Holding and will be consolidated with a previously issued $100 million notes issued on March 24.

Fiba Holding might decide to offer the previously issued notes in combination with the newly raised amount, a market source said.

Fibabanka is an Istanbul-based private bank.

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