Turk Telekom cuts margins to call in loan

Turkey’s largest phone company Turk Telekom has lowered the margins it pays for large loans after it signed a dual currency loan worth $600m from 13 banks on Monday.

  • 20 Mar 2012

The loan is split between a €239.4m piece and a $285.2m tranche, with margins of 300bp over Euribor and Libor, respectively. The deal pays an all-in margin of 350bp.

Turk Telekom has until March 2017 to pay back the loan after a two year grace period. It will ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%