Finansbank takes just $500m in smaller than expected deal
Finansbank placed a $500m five year note on Thursday, becoming the fifth Turkish bank to tap the Eurobond market for financing. The note was priced at 99.384 with a 5.5% coupon, or a spread of 355bp over mid-swaps. The deal was priced in line with guidance of 350bp-362.5bp over.
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