Akbank TAS (AKBNK.IS)
Latest Key Developments (Source: Significant Developments)
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: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:Mandates Board to issue debt worth up to 10 billion turkish lira in domestic market. Full Article
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: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
ISTANBUL, March 27 Turkey's Akbank said on Monday its systems were back online following technical problems that sources said prevented transactions for several hours at the country's third-largest listed lender.