AKBTY Akbank Turk Anonim Sirketi (QX)

   By Sarka Halas 
 

Turkey's Akbank T.A.S. has set pricing on its $500 million, five-year senior unsecured bond in the area of 340 basis points over midswaps, one of the banks running the deal said Monday.

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.

-Alessandro Pasetti contributed to this article.

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