Finansbank snubs $470m refi

Turkey’s Finansbank has decided not to refinance a $470m syndicated loan due next month, in a sign that country’s banks will hold back from tapping the market until prices improve further.

  • 29 Oct 2009
Finansbank, seen as one of Turkey’s top financial institutions given that it is majority-owned by National Bank of Greece, had been talking to its lenders about extending the facility for a year. The about turn this week comes amid mounting complaints by international lenders that Turkey’s borrowers are ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%