Turkey markets Samurai in record yen year

By Francesca Young
28 Aug 2014

The Republic of Turkey has mandated four banks and scheduled investor meetings for next week with a view to selling a Samurai bond. The market is on the verge of a record year, with Samurai issuance already almost level with the full year 2013.

Daiwa, Mitsubishi UFJ, Morgan Stanley and SMBC Nikko Securities are arranging a series of investor meetings for the issuer from Monday to Thursday in Japan. Turkey, rated Baa3/BB+/BBB-, last printed Samurais in 2012 backed by the Japan Bank for International Cooperation (JBIC).

"The yen market is one of the ...

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