Akbank opens Eurolira market for Turkish FIs with TL1bn five year

01 Feb 2013

Akbank priced the first ever Eurolira deal by a Turkish borrower on Wednesday, a TL1bn ($566m) five year 2018 note that was priced at par to yield 7.5%.

Initial price thoughts had been released on Tuesday at 7.6% yield area, before being crunched to 7.55% area, with pricing at the tight end of that after an order book of around $2.9bn. Bank of America Merrill Lynch, Deutsche Bank, Citi and HSBC arranged the deal.

According to ...

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