Mersin re-opens Turkish bonds with $450m deal
Mersin Port of Turkey printed the first Turkish bond since early May on Thursday evening. The $450m deal was priced tightly from a $1.15bn book, bringing hope that other issuers from the country may now return.
Citi, DBS Bank and UniCredit are arranging the deal. Trading in the country’s bonds have twice been hit over the last two months — first when QE tapering comments by Federal Reserve Chairman Ben Bernanke sparked a US Treasury sell-off in late May and then when the civil