April 9, 2013 / 3:54 PM / 4 years ago

Turkey sets final yield on 30-year US dollar bond sale

LONDON, April 9 (IFR) - The Republic of Turkey, rated Ba1/BBB-, has set the final yield on its upcoming sale of a 30-year US dollar-denominated bond at 4.95%, according to market sources.

Orders for the issue have topped USD4bn, according to a source.

The sovereign released initial price guidance of 5% area earlier on Tuesday for the new benchmark-sized SEC-registered deal.

Citigroup, Credit Suisse and JP Morgan are the bookrunners on the transaction, which is expected to price later today.

Reporting by Davide Scigliuzzo; Editing by Anil Mayre

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