LONDON, Feb 16 (IFR) - The Republic of Turkey has announced official guidance of 5.75% area on an expected US$1bn tap of its March 2027 bond, according to leads.
The bond was initially marketed at 5.85% area.
The notes, which carry a 6% coupon, were originally priced on January 18 for US$2bn at 6.15%.
BNP Paribas, JP Morgan and MUFG are lead managers on the tap, which is today’s business.
Turkey is rated Ba1 by Moody’s and BBB- by Fitch.
Reporting by Sudip Roy, editing by Julian Baker