YKB follows Akbank’s lead, may price next week

23 Jul 2010

Turkish Yapi ve Kredi Bankasi (YKB) on Thursday finished its investor meetings in Europe and the US, following soon after Akbank’s $1bn five year bond priced last week, which was the first direct bond issue from a Turkish private sector borrower.

"We’re looking at the market next week with a view to pricing a note, but the bank has financial results out at the start of August, so the deal can’t settle beyond that date," said one banker close to the deal. "If we wait past next week, the ...

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