By Colin Hanner
Chicago, May 11 – Turkey’s Finansbank priced $750 million 4 7/8% five-year notes to yield 4.95% on Thursday, a market source said.
The notes priced at 99.671, a market source said.
Price talk was in the 5% to 5.1% area, tightening 4.95%.
Investors subscribed for more than $2.3 billion of the Rule 144A and Regulation S deal, a market source said.
Citi, HSBC, ING, JPMorgan, QNB Capital and Standard Chartered were bookrunners.
Finansbank is based in Istanbul.
| Issuer: | Finansbank
|
| Description: | Notes
|
| Amount: | $750 million
|
| Maturity: | 2022
|
| Bookrunners: | Citi, HSBC, ING, JPMorgan, QNB Capital and Standard Chartered
|
| Coupon: | 4 7/8%
|
| Price: | 99.671
|
| Yield: | 4.95%
|
| Trade date: | May 11
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 4.95%, tightening from 5% to 5.1% area
|
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