Halkbank pays tiny NIP due to rate move for Eurobond return

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Halkbank pays tiny NIP due to rate move for Eurobond return

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Turkey's Halkbank priced its new $500m six year bond with a 2bp-3bp new issue premium on Wednesday, but the underlying swap rate had rallied 10bp throughout the day, meaning that the nominal premium was perhaps more attractive than it otherwise would have been.

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