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.
BNP Paribas, HSBC and UniCredit are joint bookrunners.
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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.
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(END) Dow Jones Newswires
June 07, 2017 04:22 ET (08:22 GMT)