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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
REAL
PRCD
-
Emlak Konut Varlik Kiralama AS$650
1EMEA
May 21, 2026
currency
USD
size (m)
650.000
maturity
Jun 1, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
5yr Tsy
ranking
Sukuk, Sr. Unsecured
moody's
-
s&p
-
fitch
BB-
size description
-
re-open/tap
No
ipt
8.125% area
ipt-pxd
-37.5
guidance
n/a - straight to launch
spread
346.4
coupon
7.75%
spread set
-
price
100.00000
yield
7.75%
book size (m)
1,750
peak book (m)
1,850
x-covered
2.69
book attrition
-5.41%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,750
peak book (m)
1,850
x-covered
2.69
book attrition
-5.41%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1750; Registration: Reg S Only; Comments: Par Call: 3m. CoC: Yes. LEI: 789000W970B4NAYWF297;
Deal Comments
UPDATE: Yield Set at 7.75%. Exp. Size: USD500m-USD650m
Guarantor(s)
Emlak Konut Gayrimenkul Yatirim Ortakligi AS
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

Ticker

Coupon

Maturity

Ratings

Bid Px.

Bid Spd.

Bid Yld. %

Yrs to Mty.

TURKSK

6.75

Sep-30

Ba3/--/BB-

101.12

G+218

6.444

4.3

TURKEY

6.375

May-31

Ba3/--/BB-

98.01

G+250

6.847

5

EXCRTU

6.375

Jan-31

Ba3/--/--

97.13

G+279

7.109

4.7

TURKWF

6.875

Feb-31

--/--/BB-

98.66

G+292

7.212

4.7

TPAOVK

6.3

Mar-31

--/--/BB-

96.96

G+273

7.057

4.8

TURKTI

6.5

Oct-30

--/BB/BB-

98.59

G+260

6.871

4.4