Vakifbank to start roadshow on Friday; signs loan with large euro weighting
Turkiye Vakiflar Bankasi (Vakifbank), Turkey’s third largest state bank by assets, has mandated Barclays, Goldman Sachs, JP Morgan and Standard Chartered Bank for a series of global fixed income investor meetings to take place from 13-17 April 2012. A dollar benchmark 144A/RegS note may follow. The note has expected ratings of Ba1 by Moody’s and BB+ by Fitch.
The bank also said today that it had signed a dual tranche loan, split between a $152m tranche and a 586.7m piece.
The borrower regularly opts for its annual loan to be heavy in euros. Last year the firm borrowed roughly the same amount, with a split of $192m
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