Isbank scores $1.1bn at lower price benchmark

Türkiye İş Bankası signed a $1.1bn dual currency syndicated loan on Monday with 33 banks at a spread 10bp lower than its first loan this year in May, in line with its peers.

  • By Bianca Boorer
  • 21 Sep 2017

The 367-day facility comprises tranches of $352m and €656m priced at 135bp over Libor and 125bp over Euribor. Margins tightened in the second half due to the quietening down of political noise from Turkey.

Standard Bank coordinated the facility and Mizuho acted as facility agent.

Along with ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 310,220.57 1073 10.72%
2 JPMorgan 278,469.02 988 9.62%
3 Citi 193,818.19 606 6.70%
4 Wells Fargo Securities 158,232.94 729 5.47%
5 Barclays 113,761.01 485 3.93%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,666.99 10 13.68%
2 Citi 3,086.50 9 11.52%
3 First Abu Dhabi Bank 2,644.31 11 9.87%
4 SG Corporate & Investment Banking 1,875.20 6 7.00%
5 JPMorgan 1,496.41 4 5.58%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,273.45 69 7.09%
2 BNP Paribas 15,649.19 99 6.42%
3 Goldman Sachs 13,736.97 57 5.64%
4 HSBC 12,718.21 83 5.22%
5 Deutsche Bank 12,330.52 72 5.06%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,312.86 161 6.59%
2 Deutsche Bank 34,194.98 116 6.57%
3 Bank of America Merrill Lynch 31,113.25 94 5.98%
4 BNP Paribas 27,479.75 167 5.28%
5 SG Corporate & Investment Banking 23,982.83 136 4.61%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%