Turkey tempted, Ghana gets going
Turkey is finally venturing back into the new issue market after mandating Deutsche Bank and UBS as bookrunners for a new dollar benchmark. Price talk on the bonds, which mature in March 2019, has been set at 7.05% area. Meanwhile, the Republic of Ghana (B+/B+) surprised investors on Monday, announcing plans to issue a new seven year put two deal through JP Morgan and Renaissance Capital. The deal is being marketed with price talk of 500bp over six month Libor. Read EuroWeek on Friday to find out how investors are responding to this rare credit.
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