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Akbank lira eurobond initial price guidance 7.6 pct -bankers
January 29, 2013 / 4:22 PM / in 5 years

Akbank lira eurobond initial price guidance 7.6 pct -bankers

ISTANBUL, Jan 29 (Reuters) - The initial price guidance on Turkish lender Akbank’s lira-denominated Eurobond is 7.6 percent, bankers said on Tuesday, with final pricing expected on Wednesday.

Akbank’s issue will be the first Turkish lira Eurobond issued by a domestic borrower and is a move party to address a mismatch between maturity terms for assets and liabilities, a problem for the Turkish banking sector in general.

Reporting by Nevzat Devranoglu; Writing by Nick Tattersall

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