Turkey to Launch 2025-Dated Euro Bond

By Emese Bartha Features Dow Jones Newswires

Turkey is set to launch an eight-year euro benchmark bond on Wednesday with bookrunners taking initial offers, said one of the banks working on the transaction.

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BNP Paribas, HSBC and UniCredit are joint bookrunners.

The initial price indicator for the June 2025-dated bond is of around mid-swap +295 basis points, according to one of the bookrunners. This implies a yield in the 3.48% area, which can change upon the quantity and quality of bids.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

June 07, 2017 04:22 ET (08:22 GMT)