Turkiye Ihracat Kredi Bankasi A.S. (EXCRTU), the 100% state-owned sole export credit agency of Turkiye, rated B3 (Stable) by Moody's and B- (Negative) by Fitch, US$500m 144A/Reg S 3y sr notes due 1/31/26. Citi (B&D), ING and Standard Chartered Bank as Global Coordinators and Joint Bookrunners, as well as BBVA, Emirates NBD Capital, IMI-Intesa Sanpaolo, MUFG, SMBC Nikko and Societe Generale as Joint Bookrunners. List Euronext-Dublin. English Law. UOP: gcp. Pricing 1/24. Settle 1/31.
IPTs: 10% area.GUIDANCE: 9.75% area.LAUNCHED: $500m 3y at 9.6%.
PRICED: $500m 9.375% 1/31/26 99.425 9.60%