No supply helps Odeabank to $600m tier two debut deal
Odeabank took advantage of limited supply in the emerging market space to price a well-received Eurobond debut on Monday.
The Turkish lender, which was founded by Lebanon’s Bank Audi in 2012, attracted more than $600m of demand for a $300m 10 non-call five year Basel III compliant tier two.The deal priced to yield 7.625%, comfortably inside both initial price thoughts of high 7% area ...
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