Alternatifbank ends with fair finish on new five year
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? Login
Further Reading
-
IPOs
European ECM suffers as US sell-off continues
-
Africa
'Everything else is secondary' to debt transparency as Zambia-IMF talks extended
-
Market News
China policy and markets round-up: CBIRC chief warns against inflow risks, issuers move to exchange market for carbon neutrality bonds
-
Regulation & Policy
Two Sessions special: China takes cautious approach to 2021 GDP growth, cuts budget deficit target and local government bond quota