Digiturk beams in new loan
Turkish satellite television provider Digiturk has signed a loan for $260m from four banks. Standard Bank was sole mandated lead arranger and coordinator, and was joined on the deal by ING and Turkish lenders Garanti Bankasi and Isbank.
The loan has a four year tenor. Part of the funds will be used to refinance existing debt, said a loans banker.
Unlike Turkish financial institutions, generally theres a lot less on the table for ancillary business with Turkeys corporates, the banker added. But the banks have a
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