Yasar prints, shows off good demand for EM high yield

By Francesca Young
30 Oct 2014

Turkish consumer products company, Yasar Holdings, printed its $250m bond on Thursday evening from a book of $620m and well inside initial price thoughts. The success of the EM high yield deal — the first to be printed since the huge US volatility of a fortnight ago — bodes well for other corporates from the region roadshowing bonds.

Yasar, rated B by Fitch, released price guidance at a yield of 9% to low-9% for the 5.5 year non-call three bond on Thursday, before tightening to 8.875%-9% later in the day and then printing the bond at the end of tight end of that range.

Barclays and ...

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