Denizbank says funding plans unaffected by Dexia woes
Negotiations over the sale of Denizbank, Dexia’s Turkish subsidiary, are not affecting the bank’s Eurobond and syndicated loan plans, according to Beril Oguz, senior vice president and head of financial institutions at Denizbank in Istanbul — despite the fact that the bank has increased the margin on its refi loan (see Syndicated Loans section for details).
Oguz added that the sale of Denizbank was planned, but there had been no deadline set for the deal. "Dexias management has not undertaken a formal decision yet, but we understand that the sale of Denizbank is on the agenda," said Oguz.
"Our decision of whether to tap
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.