Turkey's Vakifbank talks $500 million five-year notes at mid-swaps plus 387.5 bps area

By Christine Van Dusen

Atlanta, Oct. 24 - Turkey's Turkiye Vakiflar Bankasi TAO (Vakifbank) set talk in the mid-swaps plus 387.5 basis points area for its upcoming $500 million issue of five-year notes (expected ratings: Baa2//BBB-), a market source said.

Barclays, Goldman Sachs, HSBC, ING, National Bank of Abu Dhabi and Scotiabank are the bookrunners for the Rule 144A and Regulation S deal.

The notes are expected to price on Thursday.

Vakifbank is a lender based in Istanbul.

© 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.