Akbank $1 billion notes issues

25/3/2016
Covered bond issue

€ 1 billion

$ 1.063 billion

Completed

25/3/2016


Overview:

  • Akbank has completed two $500 million notes offerings.
  • The first, completed in January 2015, was the bank's first such offering into the United States. The second was the first 10-year tenor note offered by any bank or corporate issuer in Turkey.
  • Citigroup, Standard Chartered Bank, Barclays, BNP Paribas, Bank of America Merrill Lynch, Commerzbank, JPMorgan, Deutsche Bank, Morgan Stanley, Goldman Sachs, National Bank of Abu Dhabi and Société Générale Corporate & Investment Banking acted as arrangers on the matter.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Covered bond issue

Practice area:

Capital markets : Debt

Governing law:

Turkey

Industry sector:

Banking


Firms:

Party: Citigroup (Arranger)

Party: Standard Chartered Bank (Arranger)

Party: Barclays (Arranger)

Party: BNP Paribas (Arranger)

Party: Bank of America Merrill Lynch (Arranger)

Party: Commerzbank AG (Arranger)

Party: Deutsche Bank (Arranger)

Party: Morgan Stanley (Arranger)

Party: Goldman Sachs (Arranger)

Party: National Bank of Abu Dhabi (Arranger)

Party: Société Générale Corporate & Investment Banking (Arranger)

Party: JPMorgan (Arranger)