Akbank $500 million Tier 2 notes issue

15/3/2017
High-yield bond/note issue

$ 500 million

Completed

15/3/2017


Overview:

  • Turkey-based Akbank has issued $500 million Basel III-compliant Tier 2 notes under its $3.5 billion GMTN programme.
  • The notes have a fixed term of 10 years with an early call option after five.
  • Bank of America Merrill Lynch, Citi, Goldman Sachs International, HSBC, Société Générale and Standard Chartered acted as bookrunners for the issue.

Jon Moore - Journalist

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