All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Syndicated Loans

Albaraka loan enjoys oversubscription but Turkish premiums could creep up

istanbul-night-for-ifis.jpg

Albaraka Turk’s latest one year murabaha facility was two and half times subscribed with 17 banks involved, an official at the issuer told IFIS. The deal is likely the last of this year’s round of Turkish participation bank refinancing. But despite ample appetite for Turkish risk elevated loan costs are unlikely to drop next year, when refinancing will coincide with a general election, the official said.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree