AKBTY Akbank Turk Anonim Sirketi (QX)

   By Sarka Halas 
 

Turkey's Akbank T.A.S. has set the pricing on its two-part senior unsecured dollar bond, one of the banks running the deal said Monday.

Pricing was set on the $500 million, five-year bond at 315 basis points over midswaps. Pricing on the $500 million 10-year bond was set at 340 basis points over midswaps.

Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan and Societe Generale are the lead managers on the deal, which is expected to price later Monday.

The issuer is rated Baa2 by Moody's Investors Services, and BBB- by Fitch Ratings.

Write to Sarka Halas at sarka.halasova@dowjones.com