Alternatifbank ends with fair finish on new five year

By Steven Gilmore
17 Jul 2014

Turkey's Alternatifbank priced a $250m five year deal this week, finishing right around where debt bankers off the bond saw fair value after receiving over $1.6bn in orders for the no-grow note.

Leads Bank of America Merrill Lynch and Commerzbank set initial price thoughts on the Commercial Bank of Qatar-guaranteed dollar bond at 160bp-170bp over mid-swaps on Tuesday. They set guidance at 155bp area on Wednesday morning, final guidance at 143bp–147bp, and priced the note at 143bp.

During the roadshow, a syndicate ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options