TSKB mandates as US-Iran crisis shrugged off

Galata Kulesi, Turkey from Fotolia by bilal ulker 230x150
By Francesca Young
09 Jan 2020

Turkiye Sinai Kalkinma Bankasi (TSKB) has mandated for a five year senior unsecured dollar bond as investors breathed a sigh of relief over the calming of tensions between the US and Iran.

The bank is planning a RegS/144A benchmark, its first foray into the 144A market.

Citi, ING and Standard Chartered are global coordinators and joint bookrunners, and Bank ABC, BNP Paribas, Commerzbank and SMBC Nikko are joint bookrunners.

“TSKB bond trading has moved around 10bp-15bp ...

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