.png){kind=logo}
GC Asia
Turkey opens EM with narrow premiums
A quick start to the year paid off for Turkey, which conceded a slim new issue premium when it launched $2bn of 30 year bonds on Tuesday. The year’s first emerging market deal attracted strong demand, setting a positive tone for new issues, but secondary market weakness raised concerns over rates at the long end.
Leads HSBC, JPMorgan and UBS priced the issue to yield 6.85%, in line with guidance and equivalent to 224.7bp over
Treasuries.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
