Bloomberg News

Akbank to Borrow $1.5 Billion in One-Year Syndicated Loan

August 16, 2012

Akbank TAS (AKBNK), a Turkish bank part owned by Citigroup Inc. (C:US), agreed a $1.5 billion, one-year syndicated loan, the bank said today in a filing with the Istanbul Stock Exchange.

It didn’t name the banks it hired for the borrowing.

To contact the reporter on this story: Ercan Ersoy in Istanbul at

To contact the editor responsible for this story: Benedikt Kammel at

Toyota's Hydrogen Man

Companies Mentioned

  • C
    (Citigroup Inc)
    • $54.01 USD
    • -0.09
    • -0.17%
Market data is delayed at least 15 minutes.
blog comments powered by Disqus