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Akbank completes €50,000,000 overseas bond sale
The bank says its fixed-rate euro bond sale is complete, with principal and a single coupon due in April 2028.
Key takeaways
- Akbank completed a €50,000,000 overseas bond sale, according to KAP.
- The bond has a fixed rate and one coupon, due with principal on April 13, 2028.
Akbank has completed the sale of a €50,000,000 overseas bond, the bank said in a KAP disclosure. The bond’s maturity date is April 13, 2028.
The instrument is a fixed-rate debt security with one coupon payment. The filing does not state the interest rate.
A bond sale is borrowing from investors, which gives the company funds while creating an obligation to repay principal and interest. KAP lists the sale as completed; the payment date for the principal and coupon is in 2028.
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This article was produced with the help of AI technology. Source: Yahoo Finance
