Turkey's Akbank talks five-year dollar notes at 4 3/8% area

By Christine Van Dusen

Atlanta, April 9 - Turkey's Akbank TAS set initial guidance in the 4 3/8% area for its planned dollar-denominated issue of five-year notes, a market source said.

Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe General CIB are the bookrunners for the Regulation S deal.

The notes include a change-of-control put if Akbank loses control of AKLease.

Akbank is a lender based in Adana, Turkey.

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