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Thursday, 19 January 2017

UPDATE 1-Turkey borrows $2 billion in 10-year eurobond issue, final yield 6.15 pct | Reuters

UPDATE 1-Turkey borrows $2 billion in 10-year eurobond issue, final yield 6.15 pct | Reuters:

"The Turkish Treasury borrowed $2 billion in the issue of a 10-year, dollar-denominated eurobond with a yield of 6.15 percent as part of a planned $6 billion eurobond issuance programme this year, the treasury said on Thursday. According to bankers, the initial price guidance for the eurobond, maturing on March 25, 2027 with a coupon rate of 6 percent, was around 6.35 percent. This was later revised down to 6.20 percent before the final yield was set at 6.15 percent. "The offering attracted an order book of more than 3 times the actual issue size," the treasury said in a statement."



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