Turkey’s Ziraat Bank markets 5-yr dollar bond in 5.5 per cent area
Deal is expected to be of benchmark size, which usually means upwards of $500m
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DUBAI: Turkey’s Ziraat Bank has given initial price guidance on a planned five-year US dollar bond in the 5.5 per cent area, a document issued by one of the banks leading the deal showed on Tuesday.
The 144 A, Regulation S senior and unsecured deal is expected to be of benchmark size, which usually means upwards of $500 million.
The bond is expected to price later on Tuesday. Bank of America Merrill Lynch, Citi, Emirates NBD Capital, Erste and JP Morgan are the deal bookrunners.
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