Book size: 500; First Pay: 2024-04-16; Registration: 144A/Reg S; Comments: USD300m (upsized from USD200m) tap of 9.25% Oct 2028 sustainable bmk snr unsec RegS/144A. B3/NR/B-. Citi(sole). Guidance 8.75%-8.875% yield, set 8.75%, launch 300m. Books subject 500m (ex JLM). LEI: B85ZYWEZ5IZCZ2WNIO12. New Total: USD800m;
Deal Comments
Yapi ve Kredi Bankasi AS (YKBNK), exp B3 by Moody's and B- by Fitch, $300m (up from expected US$200m) 144A/Reg S tap of 9.25% 10/16/28 sustainable sr unsec notes ($500m outstanding). Via Citi sole books. Pricing 11/20. Settle 11/27.
IPTs: 8.75-8.875%.