Burgan Bank’s Turkish branch uses 14 for loan

Kuwait_230
By Bianca Boorer
21 Aug 2017

Kuwait’s Burgan Bank’s Turkish branch, Burgan Bank AS, signed a dual tranche facility of around $205m from 14 banks, at slightly higher pricing than its top tier compatriots.

The facility, which was signed last week, is split into two tranches of $117m and €75m ($88m) with a tenor of 367 days. It was priced at 140bp over Libor for the dollar tranche and 130bp over Euribor for the euro tranche. Including fees, all-in pricing for the deal comes ...

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