Akbank loan refi in September, despite August expectation

Turkey’s Akbank will not refinance its one year loan signed last August until September, as that corresponds to when the borrower drew down on the facility, a source close to the bank said.

  • By Mike Turner
  • 12 Jul 2018

“The one year loan matures in late September this year (since a drawdown was made in late September last year, not in August),” the Akbank source told GlobalCapital via email, “so [we are] totally in line with [our] usual schedule”.

Loans bankers say this is within the bank's prerogative ...

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Global Syndicated Loan Volume

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3 Citi 146,424.87 434 6.01%
4 Wells Fargo Securities 129,846.45 508 5.33%
5 Mitsubishi UFJ Financial Group 104,359.11 598 4.28%

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3 JPMorgan 3,130.58 7 7.05%
4 Mizuho 2,575.67 6 5.80%
5 HSBC 2,441.65 6 5.50%

Bookrunners of European Leveraged Loans

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1 BNP Paribas 11,614.39 49 7.38%
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4 UniCredit 8,448.15 49 5.37%
5 HSBC 8,442.65 35 5.36%

Bookrunners of European Marketed Syndicated Loans

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2 BNP Paribas 28,182.03 110 6.58%
3 UniCredit 21,916.39 101 5.12%
4 Credit Agricole CIB 21,885.13 102 5.11%
5 SG Corporate & Investment Banking 21,814.64 83 5.10%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%