TSKB bond ‘likely' to be sub-benchmark
Turkiye Sinai Kalkinma Bankasi (TSKB) is planning to print a five year senior unsecured dollar bond on Wednesday. A lead manager on the deal said that the size of the note is likely to be below benchmark because the bank has limited liquidity needs.
“It’s likely to print at lower end of $350m-$500m size range,” said one syndicate official on the bond.
The note will be sold in RegS/144A format and is its first foray into the 144A market.Citi, ING and Standard Chartered are global coordinators and joint ...
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