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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
SSA
PRCD
TSKBTI
Türkiye Sinai Kalkinma Bankasi AS$350
1EMEA
Jun 25, 2025
currency
USD
size (m)
350.000
maturity
Jul 2, 2030
type
Fixed
tenor
5.000
call
-
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
B1
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
8.00% area
ipt-pxd
-
guidance
n/a - straight to launch
spread
-
coupon
7.375%
spread set
-
price
99.48700
yield
7.500%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S;
Deal Comments
Turkiye Sinai Kalkinma Bankasi AS (TSKB), exp issue rating B1 by Moody's (issuer ratings B1/B+ (p/p) by Moody's/Fitch)), $350m (down from US$400m no grow) 144A/Reg S 5y sr notes due 7/2/30. ADCB/BNP/Citi (B&D)/ENBD/ING/JPM/SMBC/StanChart as JLMs/JBRs. Coupon: Fixed, Payable s/a, Day count 30/360. Denoms: USD200k x USD1k. Law: English. Listing: Euronext Dublin (Official List). Documentation: $2 billion Global Medium Term Note Programme with Base Prospectus dated 13 May 2025, as supplemented on 4 June 2025. UOP: gcp. Netroadshow: Link: http://www.netroadshow.com/nrs/home/#!/?show=7b6a325bORhttp://www.netroadshow.com Entry code: TSKB2025 (not case-sensitive). Pricing 6/25. Settle 7/2 (T+5). IPTs: 8.00% area. LAUNCHED: $350m 5y at 7.50%. Book >750m (incl 25m of JLM int). PRICED: $350m 7.375% 7/2/30 99.487 7.50%.

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