Turkey USD2.25bn 5.95% Jan 2031

By Mariam Meskin
26 Nov 2020

Rating: B2/B+/BB-

Amount: $2.25bn Reg S/144A

Maturity: 15 January 2031

Issue/reoffer price: 99.612

Coupon: 5.95%

Yield: 6%

Spread at reoffer: 511.7bp over US Treasuries

Launched: Tuesday, 24 November

Payment date:Wednesday, 2 December

Joint books: Goldman Sachs, HSBC, Morgan Stanley


Market appraisal:

“…this was a ...

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