By Sarka Halas

Turkish lender Turkiye Is Bankasi AS (ISCTR.IS) plans a dollar-denominated, benchmark-sized, five-and-a-half-year bond, one of the banks running the deal said Wednesday.

Suggested pricing is in the area of 295 basis points over the reference midswaps rate.

Barclays, Citigroup, Deutsche Bank, HSBC, and JP Morgan are the lead managers on the deal, which is expected to price later Wednesday.

The issuer is rated Baa2 by Moody's and BBB by Fitch.

Write to Sarka Halas at sarka.halasova@dowjones.com