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Eurobond (Senior Unsecured) 

Since 2010, Akbank has issued USD equivalent of c. 4.2 billion. 

ISIN Issue Date Maturity Date Currency Issued Amount (million) Coupon (%)   Oversubscription (x) Listed On Offering Circular
USM0300LAA46 / US00971YAA82 15.07.2010 22.07.2015 USD 1,000 5.125 3 London Stock Exchange
USM0300LAC02 / US00971YAB65 09.03.2011 09.03.2018 USD 500 6.5 2 London Stock Exchange
USM0375YAJ75 / US00971YAC49 24.10.2012 24.10.2017 USD 500 3.875 9 London Stock Exchange
USM0375YAK49 / US00971YAD22 24.10.2012 24.10.2022 USD 500 5 9 Irish Stock Exchange
XS0884723148 / XS0884723577 05.02.2013 05.02.2018 TL 1,000 7.5 2.8 Irish Stock Exchange
US00972BAA70 / XS1111101314 23.01.2015 24.01.2020 USD 500 4 3.5 Irish Stock Exchange
US00971YAF79 / XS1210422074 31.03.2015 31.03.2025 USD 500 5.125 2.4 Irish Stock Exchange
US00971YAG52 / XS213133527 08.07.2020 06.02.2026 USD 500 6.80 3 Euronext Dublin
Total (USD)       4,170   Average 4.2    


Eurobonds issued by Akbank predominantly attract US and European investors.

Eurobond (Sen. Unsec.) - Investor Breakdown*
 

* Calculated according to initial allocation


Pioneer in Turkish Banking Sector Eurobond Issuances with milestone transactions:

  • July 2010 – 5 year. USD 1 billion Corporate Eurobond:
    • The first direct issue realized by a Turkish company registered by the Capital Markets Board.
    • Rated with an investment-grade rating of BBB- by Fitch and Ba1 by Moody’s: one notch above Turkey’s sovereign bond rating back then.
  • March 2011 – 7 year, USD 500 million Eurobond
    • The First Turkish Private Sector Corporation to Directly Issue a 7 Year Eurobond in the Capital Markets.
    • Rated with an investment-grade rating of BBB- by Fitch and Ba1 by Moody’s: one notch above Turkey’s sovereign bond rating back then.
  • February 2013 – 5 year, TL 1 billion Eurobond
    • The First Turkish Lira-Denominated Eurobond in International Capital Markets.
    • Akbank became the first Turkish institution, including the Turkish Treasury, to issue Turkish lira-denominated Eurobonds in overseas markets as of the transaction date.
 
 
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