LONDON: The Republic of Turkey is tapping its US$1.5bn 6.625pc February 2045 Global bond, according to a source.
Books are open and the SEC-registered bond is being marketed at a yield of 5.5pc area.
Turkey is seeking to raise a benchmark size.
The deal is today's business with BNP Paribas, Goldman Sachs and JP Morgan lead managers.
Turkey is rated Baa3/NR/BBB-.
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