Akbank lines up second Eurobond

22 Feb 2011

Turkey’s Akbank on Tuesday mandated Citigroup, Crédit Agricole CIB, HSBC and Standard Chartered Bank to arrange investor meetings, to be held over the coming week, for a benchmark 144A/Reg S note.

The meetings will start on Thursday in Geneva, move to London and New York and finish on Tuesday (March 1) in Boston. Akbank’s proposed Eurobond has been assigned provisional ratings of Ba1 by Moody’s and BBB- by Fitch.

Akbank priced its last $1bn note, its debut deal, in mid-July, at 350bp over US ...

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