How tight will Turkey’s banks go?
Amid a quiet scene for emerging market loans, Turkey’s banks are set to provide some much-craved dealflow over the next month, coming out with their refinancing facilities. Garanti is the first to have approached lenders. Bankers widely expect the benchmark for Turkish FI deals of 225bp all-in to be tightened. But how far can the banks push it? Read more on Friday at www.euroweek.com/loans
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