TEB smashes refi target to further validate 75bp pricing
Turkish financial institution Turk Ekonomi Bankasi (TEB) has soared past its refinancing target to sign a $553m-equivalent euro and dollar denominated one year syndicated loan.
The deal is split between a €310m ($413m) tranche and a $140m piece. Both were priced at 75bp all-in.
This is in line with the price that larger Turkish bank Akbank paid for its $1.5bn-equivalent loan earlier this month.
Isbank is also in the market for a loan priced
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