Akbank AG postpones euro, little expected next week

Turkey Akbank’s German subsidiary, Akbank AG, has postponed its planned euro denominated bond. Uralsib is now the only EM issuer in the pipeline that has completed investor meetings and not officially delayed its bond. The Russian bank finished meetings for a subordinated bond on November 20 via JP Morgan and UBS. Bankers away from that deal say that the note is unlikely to be printed before the end of the year but there may be one other new issue next week.