Garanti to refi by mid-May, Turkish paper remains in demand
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Garanti to refi by mid-May, Turkish paper remains in demand

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Garanti Bank will refinance part of an existing $1.4bn loan by mid-May, joining four other banks amid the Turkish refi season. Although one year spreads have widened slightly in the secondary market, largely due to the weakening lira, bankers believe Turkish financial institution debt is still attractive.

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