Akbank places 420-day discounted bond with qualified investors
The bank disclosed a TRY 173751000 nominal issuance, with investor-account transfers scheduled for October 12 and repayment due in December 2027.
Key takeaways
- Akbank arranged a 420-day, TRY 173751000 nominal bond sale to qualified investors.
- The bond has no coupons, and repayment is scheduled for December 6, 2027.
Akbank arranged a domestic sale of a 420-day bond with a nominal value of TRY 173751000 to qualified investors, according to its KAP disclosure. The bank said demand collection had been completed and the bonds would be transferred to investor accounts on October 12.
The bond is denominated in Turkish lira, discounted and has no coupons. The filing lists an annual simple rate of 40% and an annual compound rate of 38.96%.
For the bank, issuing the bond means borrowing from investors, with a repayment obligation. The filing gives December 6, 2027, as the maturity date and lists TRY 173751000 as the principal payment at maturity.
This article was produced with the help of AI technology. Source: Yahoo Finance
