February 16, 2017 / 10:39 AM / 6 months ago

Turkey to reopen March 2027s for expected US$1bn -lead

LONDON, Feb 16 (IFR) - The Republic of Turkey is reopening its March 2027 bond for an expected US$1bn, according to leads.

The bond is being marketed at an initial yield of 5.85% area.

The notes, which carry a 6% coupon, were originally priced on January 18 for US$2bn at a yield of 6.15%.

BNP Paribas, JP Morgan and MUFG are the lead managers on the tap, which is today's business.

Turkey is rated Ba1 by Moody's and BBB- by Fitch. (Reporting by Sudip Roy, Editing by Helene Durand)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below