Vakifbank extends oversubscribed Turkish refi run despite political uncertainty
Vakifbank has received a $967m loan from 37 banks, marking yet another oversubscribed Turkish syndication following a period of heightened political uncertainty after a constitutional referendum.
The 367 day facility, which will be used to refinance a $923m loan taken out in April 2016, is split into a dollar and euro tranches of $188.5m and €716.5m.Emirates NBD co-ordinated the deal alongside Bank of America Merrill Lynch and National Bank of Abu Dhabi ...
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