Akbank leads hit back at critics of $500m seven year

Akbank sold its second international bond on Thursday, a $500m seven year note — the longest yet for a Turkish bank. Although it traded up a modest 100-101.375 after pricing at 99.656, syndicate officials away from the deal, which Citi, Crédit Agricole, HSBC and Standard Chartered arranged, criticised its size and execution.