Halkbank adds to Turkish FI supply with dollar bond

29 Jan 2013

Halkbank has released price guidance of 270bp over mid-swaps for a benchmark seven year dollar deal. Commerzbank, JP Morgan and Standard Chartered Bank are arranging the note.

The Turkish state-owned bank has sold only one dollar deal before. Those $750m 4.875% 2017s were placed in July last year via Bank of America Merrill Lynch, Citi and Deutsche Bank. That note was priced from a $4bn book.

“Halkbank’s outstanding 2017s are trading around 250bp over mid-swaps, and ...

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