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Lenders flock to Turk Exim’s higher margins

Turk Eximbank has smashed through its refinancing target to raise a $317m equivalent loan, as lenders grabbed what is likely to be the last opportunity to book a Turkish bank deal that carries pricing of over 100bp all-in. The state-owned borrower was refinancing a €125m ($165m) loan that matured at the end of January.

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