Vakif fives affirm appetite for Turkish FIG
Vakifbank brought the second Turkish FIG deal since the summer break on Thursday, a $500m no-grow five year deal which debt bankers involved said was priced with a single digit new issue premium.
Barclays, Goldman Sachs, HSBC, ING and National Bank of Abu Dhabi set initial price thoughts on the Reg S/144A deal at 400bp over mid-swaps on Thursday morning. This was tightened to guidance of 387.5bp over area before leads priced the deal at 370bp.
The issuer sold an April
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