Published: October 21, 2014
Turkish bank prices paper to raise US$350mn.
Turkish bank Türkiye Sınai Kalkınma Bankası (TSKB) has priced a five-year, US$350mn international bond.
The issuance is the bank's first dollar bond. The senior unsecured paper launched on Thursday with a coupon of 5.375% and a spread of 380 basis points over mid-swaps, 20 basis points tighter than initial pricing thoughts from the bookrunners.
Citi, Commerzbank, ING and Standard Chartered are running the deal.