VakıfBank closes $855m refi, continuing Turkey's strong financing season

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VakıfBank closes $855m refi, continuing Turkey's strong financing season

Vakifbank

VakıfBank has closed an $855m-equivalent refinancing loan, making it the fifth Turkish financial institution to successfully refinance this season. Vakıf is set to be followed closely by Garanti Bank, as Turkish financial institutions defy the crisis of confidence in the country's economy that was triggered when the lira crashed in August.

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