Turkey shows euro market access with €1.5bn deal

Turkey flag
By Lewis McLellan
08 Nov 2018

Turkey’s first euro benchmark in four years hit the market on Wednesday, raising €1.5bn with a February 2026 deal before being hit by a sell-off.

The sovereign mandated BNP Paribas, HSBC and ING to run the books for a global benchmark. The leads offered initial price thoughts of 5.5% area. Final price guidance was set at 5.25%-5.375% and the bond was launched at the tight end of the range.Turkey printed €1.5bn ...

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