Akbank drops benchmark to 130bp and goes for longer tenor as TSKB gets $105m

Akbank, rated Ba3/-/BBB-, has asked for one year pricing of 130bp all-in at the top level — bringing the previous benchmark in from 150bp — and two year money paying 175bp all-in. Pricing will decrease slightly if Moody’s upgrades Akbank to an investment grade rating. Lenders have been ...