Fierce negotiations begin as ING Turkey prices loan at 90bp
ING Turkey has shattered loans bankers' hopes of a price widening on Turkish financial institution deals this year by coming to the market for a $500m loan priced at 90bp all-in.
ING Turkey — which obtained a debut syndicated loan in February 2013 after its parent bank reduced its funding — approached lenders on Monday for the deal.
But even though the loan is priced well above the 75bp all-in that Turkey's biggest banks paid for deals at the end
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