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
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