Akbank $500 million Tier 2 notes issue

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