Akbank aims for first-ever Eurolira note with roadshow
Akbank is starting a roadshow for the first-ever Eurolira note. The bank has regulatory approval to issue up to $1bn-equivalent, but the size of the note is likely to be much smaller than that, according to an origination official on the deal.
"This is a pioneering exercise in exploring interest for Turkish lira denominated debt," said the origination official. "For a first exercise, wed be happy with even $250m-equivalent."
No maturity has yet been set for the deal.
The Turkish lira has performed well over the last few years, although that makes
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