Tupras refines pricing on $2.2bn deal
Turkish oil firm Tupras is in the market for a loan of up to $2.2bn to finance the upgrade of one of its refineries. The company, rated BB by Fitch, is seeking a dual-tranche deal. The larger piece will be an export credit agency covered facility. There will also be a smaller uncovered piece, which will make up about a fifth of the overall financing.
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