Akbank Sets Pricing on $500 Million 5Y Bond at Swaps +3.40 Area
October 15 2012 - 7:22AM
Dow Jones News
By Sarka Halas
Turkey's Akbank T.A.S. has set pricing on its $500 million,
five-year senior unsecured bond in the area of 340 basis points
over midswaps, one of the banks running the deal said Monday.
Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan and
Societe Generale are the lead managers on the deal, which is
expected to price later Monday.
The issuer is rated Baa2 by Moody's Investors Services, and BBB-
by Fitch Ratings.
-Alessandro Pasetti contributed to this article.
Write to Sarka Halas at sarka.halasova@dowjones.com
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