Isbank prices longest Turkish bank tier two at 8.4%
Isbank launched a $500m 12-year non-call seven tier two capital bond on 16 July at a yield of 8.4%, the longest tenor tier two issue by a Turkish bank in the international market. The Reg S/144A notes mature in July 2038 and are callable in July 2033. They were expected to be rated B by Fitch, below...