Turkish FI rollover rates still high as Vakif signs
Turkey’s VakifBank netted 29 lenders for its dual tranche deal signed on Wednesday, as the country’s financial institutions continue to succeed in hauling in the large syndicates typical of their ventures in the loan market. Secured at an all-in margin of 250bp, Vakif’s $203.5m and Eu372.5m facility is set to be followed by another wave of bank refinancings, some of which could now be priced tighter.
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