Isbank prices in line amid crumbling Turkish metrics

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By Michael Turner
17 May 2018

Turkey’s Isbank has signed a $1.48bn-equivalent syndicated loan in line with the existing pricing benchmark for its compatriot peers, again showing that rating downgrades have little effect on loan borrowing rates for the country’s banking sector.

Isbank has signed 367 day facility split between $447m and €867.6m tranches. The loans are priced at Libor plus 130bp and Euribor plus 120bp, respectively.

This is in line with where other top tier Turkish banks, such as Vakif, Garanti and Akbank, have priced recent loans ...

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