Turkey's Akbank talks seven-year notes at Treasuries plus 350 bps

By Christine Van Dusen

Atlanta, March 2 - Turkey's Akbank TAS set price talk for its planned benchmark-sized issue of dollar-denominated notes due 2018 (Ba1//BBB-) at Treasuries plus 350 basis points, a market source said.

Citigroup, Credit Agricole, HSBC and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal, which is expected to price during the Feb. 28 week.

Proceeds will be used for general corporate purposes.

Akbank is an Adana, Turkey-based financing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.