Vakifbank to tap tier two, 10bp premium offered
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Vakifbank to tap tier two, 10bp premium offered

Vakifbank is increasing its $500m 6% lower tier two 2022s and has released price guidance of 5.5% yield area for the new issue, representing around a 10bp new issue premium to where the outstanding deal was trading before the tap announcement. No size has yet been set for the note.

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