Anadolu Sells First Turkish Investment-Grade Corporate Bond
Published October 19, 2012
Turkish brewer Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES.IS) tapped the debt markets Friday with the first investment-grade corporate bond ever to be issued out of Turkey.
The brewer of market-leading Turkish beer Efes Pilsen was seeking to price the $500 million, 10-year bond in the area of 175 basis points over the reference U.S. Treasury, about five basis points lower than where Turkey's government bonds are trading.
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