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Akbank TAS (AKBNK.IS)

AKBNK.IS on Istanbul Stock Exchange

8.04TRY
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Turkey's Akbank says to issue up to 10 billion lira in debt in domestic market
Tuesday, 23 Aug 2016 10:26am EDT 

Akbank Tas says: To issue up to 10 billion lira in debt in domestic market Further company coverage: [AKBNK.IS] (Istanbul newsroom) ((Istanbul.newsroom@thomsonreuters.com; +90 212 350 7122;)).  Full Article

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

BRIEF-Turkey's Akbank says to issue up to 10 billion lira in debt in domestic market

* To issue up to 10 billion lira in debt in domestic market Further company coverage: (Istanbul newsroom)