Vakifbank opens book for bond market comeback

Turkey PA 230 x150
By Lewis McLellan
21 Mar 2019

Vakifbank is taking orders for a five year dollar bond — its first benchmark deal in more than a year.

Citi and JP Morgan are global co-ordinators, while ING, Mizuho, MUFG and SMBC Nikko joined the syndicate as bookrunners. The leads have offered initial price thoughts of 8.375% to 8.5%.

An emerging markets syndicate banker away from the deal said fair value was ...

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