Efes beats expectations with pricing through Turkey

Turkish beer brewer Anadolu Efes priced its $500m 3.375% 10 year bond at an exceptionally tight level of 15bp through the Turkey sovereign curve last Friday.

  • 22 Oct 2012

EuroWeek understands that the remarkable result beat the expectations of even some of those close to the transaction, but the issuer highlighted the two different ways of approaching pricing depending on investors' views.

“This was a debut transaction for us and as such any pricing expectations was a process ...

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