Isbank signs $1.3bn syndicated loan

Vakifbank Instanbul 230x150
By Bianca Boorer
15 May 2017

Turkey’s largest private sector bank, Turkiye Is Bankasi (Isbank), signed a $1.3bn syndicated loan on Monday, bringing the first round of Turkish bank loan refinancings this year to an end.

The facility has a maturity of 367 days with tranches of $296m and €989.5m ($1.09bn). All-in pricing was in line with most of the other Turkish banks' recent loans, at 145bp over Libor and 135bp over Euribor.

The Baa1/BB+ rated bank plans to use the facility to refinance a ...

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