EM FIG trio storm into market seeking dollars and euros

Adobe_YapiKredi_575x375_15May2020
By Mariam Meskin
13 Jan 2021

Turkey’s Yapi Kredi, Russia’s Credit Bank of Moscow and Banque Ouest Africaine de Banque Ouest Africaine de Développement have all approached investors this week to sound out interest in hard currency bonds.

Yapi Kredi, rated B2/B+ by Moody’s and Fitch, on Wednesday mandated banks to arrange investor calls for a tier two bond. The issuer is planning to tap investors for a Reg S/144A Basel III compliant tier two dollar benchmark offering, with a 10 year non-call five structure. 

BNP Paribas, ...

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