Retail banks opt out of Turkish bank loans
Retail lenders are opting out of committing to loans for Turkish financial institutions in the primary market. The trend for smaller bank groups on these loans is continued with only one bank taking a participant ticket in Vakifbank’s latest refinancing deal.
Caixabank participated in this years 433m and $145m one year refinancing loan signed in Istanbul on Wednesday. Vakifbank was refinancing a $145m and 453m one and two year deal signed last September. That deal attracted participant commitments from eight banks.
The bank group for the latest loan included commitments
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