Akbank $1 billion 5 1/8% notes due 2015 may be resold after purchase

By Melissa Kory

Cleveland, Feb. 10 - Akbank TAS announced that any of its $1 billion of 5 1/8% notes due 2015 purchased may be held, reissued, resold or surrendered to any paying agent or registrar Citigroup Global Markets Deutschland AG for cancellation.

Previously the notes redeemed or purchased by the issuer were to be canceled and not reissued.

This change to the terms and conditions of the notes was made following the Feb. 2 announcement of secondary sales to Turkish residents.

Akbank is an Adana, Turkey-based financing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.