Turkey mandates banks for two-tranche Eurobond issuance

The two tranches consisted of the re-opening of a bond maturing Oct. 2028, as well as the sale of a new bond maturing 2033

  

ISTANBUL- Turkey's Treasury and Finance Ministry said on Monday it had mandated Citi, JP Morgan and Societe Generale for a dollar-denominated dual-tranche bond issuance.

The two tranches consisted of the re-opening of a bond maturing Oct. 2028, as well as the sale of a new bond maturing 2033, it said.

Bankers said the initial yield expectation for the 2028 eurobond was around 5.95% and around 6.75% for the 2033 bond.

(Reporting by Nevzat Devranoglu, Ezgi Erkoyun and Ali Kucukgocmen; Editing by Daren Butler) ((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen; +905319306206; Reuters Messaging: Reuters Messaging: ali.kucukgocmen.thomsonreuters.com@reuters.net))


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