Garanti sells US$750mn bond

Garanti sells US$750mn bond

Published: April 11, 2014

Turkish bank confirms details of 5.5-year international issuance.

Turkish lender Garanti Bank has raised US$750mn in its latest eurobond issuance.

In a statement, the company confirmed that the 5.5-year bonds were sold with a coupon of 4.75%.

Bank of American Merrill Lynch, BBVA, Citi and HSBC acted as bookrunners on the deal.