Garanti inks $1bn loan, setting price benchmark for Turkish FI transactions
Turkey’s Garanti Bankasi has signed a $1bn deal with a syndicate of 49 banks, setting a new one year price benchmark for other Turkish bank borrowers. The new deal was priced at 120bp all-in at the top level.
That margin is inside levels obtained by other Turkish financial institutions this year. On Monday, Finansbank signed an $800m one year deal that pays 130bp all-in (see EuroWeek 1179 for more).
Garantis dual currency one year deal is split between $316.4m and Eu513.5m tranches. Standard Chartered acted as documentation
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.