Garanti brings debut in latest Turkish FI hit
Garanti Bank priced its debut Turkish lira denominated bond — the third financial institution deal in Turkish lira this year — when it printed its TL750m ($417m) five year bond on Thursday evening. A banker close to the deal said that appetite for the currency from debt investors remained strong.
BNP Paribas, Deutsche Bank, Goldman Sachs and Standard Chartered Bank arranged the Reg S/144A deal for Turkeys second largest private bank by assets.
Akbank, another Turkish bank and similar to Garanti in size, printed its debut in the currency in January. Sberbank, a Russian issuer that recently acquired Turkeys
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