Published: October 2, 2013
Turkish drinks bottler raises US$500mn on debut trip to market.
Coca-Cola İçecek, which bottles Coca-Cola drinks for markets in Central and Eastern Europe, the CIS and the Middle East, has become the latest Turkish company to visit the eurobond market.
After a September roadshow the company has raised US$500mn from five-year bonds, sold with a coupon of 4.75%. Barclays, Citi, HSBC and JP Morgan ran the deal.
Coca-Cola İçecek makes and bottles drinks in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan. The company is listed on the Turkish stock exchange.