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Turkey’s Akbank talks $500 million 10-year notes at 7˝% area
By Christine Van Dusen
Atlanta, March 8 – Akbank TAS set initial talk in the 7˝% area for a $500 million offering of notes due in 10 years (expected ratings: B1//BB), a market source said.
BofA Merrill Lynch, Citigroup, Goldman Sachs, HSBC, Societe Generale CIB and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.
The notes will be non-callable for five years.
Akbank is a lender based in Adana, Turkey.
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