TSKB brings first Turkish FI deal for nearly a year

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

Turkiye Sinai Kalkinma Bankasi (TSKB) has released price guidance on the first benchmark Turkish bank bond since March last year. Books had reached over $2.2bn by midday and the market has been told to expect a $400m deal.

The last Turkish bank to print a deal was Yapi ve Kredi Bankasi, which sold a $500m 8.25% 2024 bond on March 14, 2019, according to Dealogic data.

The last year has been a tumultuous one for Turkey. The Turkish central bank heeded investors’ cries and delivered a ...

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