Turkish banks close to finishing successful loan refi round

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By Bianca Boorer
08 May 2017

Turkey’s Garanti Bank this week signed a $1.35bn loan from 38 banks, in what could be one of the last financial institution deals to come from the region in the spring funding round.

The 367 day facility, signed on Thursday, comprises two tranches, of $468m and €805.5m.

ICBC and Standard Chartered were co-ordinators. There were 19 mandated lead arrangers and First Abu Dhabi Bank was facility agent.

Margins were set in line with most of the other Turkish bank ...

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