More talk of Turkish bank price cuts after Akbank success
Emerging market lenders are preparing for an even-greater pricing squeeze on deals for Turkish financial institutions, after borrowers have been encouraged by the success of Akbank's contentiously priced loan.
Akbank is due to sign its euro and dollar denominated one year loan on Friday (August 16). The borrower stunned lenders when it priced its loan at 75bp all-in when it launched the deal in July. This is 25bp less than the firm paid for its $1.2bn March 2013 deal.
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