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