Akbank TAS (AKBNK.IS) Key Developments | Reuters.com
Edition:
United States

Akbank TAS (AKBNK.IS)

AKBNK.IS on Istanbul Stock Exchange

8.23TRY
10:39am EDT
Change (% chg)

0.09TL (+1.11%)
Prev Close
8.14TL
Open
8.15TL
Day's High
8.25TL
Day's Low
8.13TL
Volume
23,869,751
Avg. Vol
--
52-wk High
--
52-wk Low
--

Latest Key Developments (Source: Significant Developments)

Akbank TAS signs dual-tranche syndicated loan for trade finance - Reuters
Friday, 18 Mar 2016 06:34am EDT 

Akbank TAS:Has signed a 367-day, dual tranche syndicated loan agreement of $370.4 million and 783.5 million euro​- Reuters.‍All-in cost for each tranche is Libor + %0.85 and Euribor + %0.75 respectively.‍Loan will be used for trade finance purposes.  Full Article

Akbank TAS to issue debt instruments up to $4 billion and 1 billion euros
Wednesday, 4 Nov 2015 08:57am EST 

Akbank TAS:Gives mandate to issue borrowing instruments in international markets worth up to $4 billion.Plans to issue borrowing instruments worth up to 1 billion euro.  Full Article

Akbank TAS to issue debt worth up to 10 billion turkish lira
Tuesday, 18 Aug 2015 10:00am EDT 

Akbank TAS:Mandates Board to issue debt worth up to 10 billion turkish lira in domestic market.  Full Article

Akbank TAS Mandates banks to renew 1 year syndicated loan total of $1.3 billion
Tuesday, 11 Aug 2015 10:52am EDT 

Akbank TAS:Mandated consortium of banks to renew 1 year syndicated loan of $368 million and 851 million euro, for total of $1.3 billion.  Full Article

Akbank TAS signs partnership agreement in India
Wednesday, 5 Aug 2015 06:49pm EDT 

Akbank TAS:Says has signed a partnership agreement with India's biggest bank State Bank of India to support trade and investment activities between both countries.Sees partnership in several fields including investment banking, asset management and large infrastructure projects.  Full Article

Akbank TAS has secured $275 mln 3-year loan
Thursday, 9 Jul 2015 06:59am EDT 

Akbank TAS:Has obtained a 3 year syndicated loan facility in the amount of $275 million.The margin of the facility is LIBOR + 1,50%.The facility allows the total loan amount to be increased until drawdown date.  Full Article

Akbank TAS raises $150 million securitisation loan
Tuesday, 7 Jul 2015 10:55am EDT 

Akbank TAS:Raises $150 million through a securitisation loan.The loan will have a maturity of 5.2 years and consists of three separate tranches through its Diversified Payments Right securitization programme.  Full Article

Akbank TAS says Fitch affirms debt ratings and outlooks
Wednesday, 17 Jun 2015 07:58am EDT 

Akbank TAS:Says Fitch affirms debt ratings.Long-term FC and local currency (LC) IDRs affirmed at "BBB-"', Outlook Stable.National Long-term Rating affirmed at "AA+(tur)"; Outlook Stable.Viability Rating affirmed at "bbb-".Senior unsecured notes affirmed at "BBB-"/"F3".Short-term FC and local currency IDRs affirmed at "F3".Support Rating Floor affirmed at "BB-".Support Rating affirmed at "3".  Full Article

Citigroup Inc completes sale of 9.9 pct. equity interest in Akbank T.A.S.
Thursday, 5 Mar 2015 01:00am EST 

Citigroup Inc:Says that it has sold 396 million common shares in Akbank T.A.S. (Akbank) through an equity offering representing its entire 9.9 pct. equity interest in the company for TRY7.45 per share.Total proceeds from transaction are expected to be about $1.15 billion at current exchange rate, with no material financial impact to Citigroup.  Full Article

Akbank TAS announces dividend payment for FY 2014
Thursday, 26 Feb 2015 10:46am EST 

Akbank TAS:Proposes dividend payment of gross 0.1424 Turksih lira and net 0.12104 lira per share for FY 2014.Proposes to pay FY 2014 dividend on 30 March.  Full Article

BRIEF-Turkey's Akbank says secures $1.4 billion financing

* says secures $1.4 billion financing Further company coverage: (Istanbul newsroom)