Halkbank tightens guidance; pricing expected imminently
Türkiye Halk Bankasi (Halkbank) has revised priced guidance on its debut $500m five year bond to a yield of 5.125%-5.25% and is expecting to release final guidance for the note at 2pm (UK time) on Thursday afternoon, with pricing to follow later in the day.
Bank of America Merrill Lynch, Citi and Deutsche Bank are arranging the Reg S/144a note.
“The book build is going well,” said one origination official on the note.
Halkbank has previously placed securitised notes, but has never placed a deal in Reg S/144A format before.
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