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Turkey’s Akbank talks dollar benchmark 10-year notes at high 6% area
By Rebecca Melvin
New York, Feb. 20 – Akbank TAS has set initial talk in the high 6% area for a benchmark dollar-denominated offering of 10-year notes (expected ratings: B1//BB) that were expected to price on Tuesday, a market source said.
BNP Paribas, Citigroup, HSBC, Mizuho, MUFG, and Societe Generale CIB are the bookrunners for the Rule 144A and Regulation S deal.
The notes will be non-callable until April 27, 2023.
Akbank is a lender based in Adana, Turkey.
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