Turkish incumbent Turk Telekom will launch a roadshow in the UK and the US tomorrow to market a US$ denominated benchmark bond issue.
Banks on the up to US$1bn issue are Barclays, BNP Paribas, Emirates NBD, JP Morgan and Standard Chartered.
The bond…
Turkish incumbent Turk Telekom will launch a roadshow in the UK and the US tomorrow to market a US$ denominated benchmark bond issue.
Banks on the up to US$1bn issue are Barclays, BNP Paribas, Emirates NBD, JP Morgan and Standard Chartered.
The bond will have a maturity of between five and ten years.
Turk Telekom reported revenues for 2013 of TL13.2bn (US$5.9bn), up 3.8% year on year. EBITDA stood at TL5bn (US$2.3bn), down 2.2% on the 2012 result. The company’s net debt stood at TL8.3bn (US$3.7bn).
