Turkey hires banks for new 30-year bond

Wed Feb 12, 2014 7:37am EST

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LONDON, Feb 12 (IFR) - The Republic of Turkey has opened books on a new long 30-year international bond issue, according to lead managers.

The sovereign, rated Baa3/BB+/BBB-, has set initial price thoughts on the new issue, which will mature in February 2045, at 6.75%-6.875%.

Bank of America Merrill Lynch, BNP Paribas and Goldman Sachs are the lead managers on the new issue. (Reporting by Davide Scigliuzzo; Editing by Sudip Roy)

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