Yapi Kredi loan flies as banks stick with troubled Turkey

Yapı Kredi Bank signed its spring loan refinancing on Thursday, having wrapped up the deal at $1.03bn. Bank of America Merrill Lynch and UniCredit are coordinators of the deal, which has 49 banks participating. The political uncertainty triggered by the decision to re-run the municipal elections in Istanbul has not dented international lenders’ appetite for financing Turkey’s banks.

  • By Jon Hay, Mariam Meskin
  • 08 May 2019

BAML is documentation agent and Mizuho facility agent on the loan.

The deal’s conclusion comes as Turkey has once again taken a lurch wider in credit markets, after President Recep Tayyip Erdoğan decided that the election for mayor of Istanbul should be rerun. The move has drawn criticism from the Turkish business lobby ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 269,123.34 749 11.01%
2 Bank of America Merrill Lynch 257,678.35 786 10.54%
3 Citi 154,176.72 469 6.31%
4 Wells Fargo Securities 140,458.98 521 5.74%
5 MUFG 123,389.83 702 5.05%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,696.09 10 8.40%
2 First Abu Dhabi Bank 3,439.28 15 7.82%
3 Standard Chartered Bank 3,038.82 11 6.91%
4 BNP Paribas 2,705.06 6 6.15%
5 Citi 2,349.19 11 5.34%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 8,575.51 45 6.89%
2 BNP Paribas 8,524.78 57 6.84%
3 Credit Agricole CIB 7,835.85 40 6.29%
4 Goldman Sachs 7,283.60 38 5.85%
5 JPMorgan 6,871.08 35 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 34,500.40 147 7.60%
2 Credit Agricole CIB 33,214.96 138 7.32%
3 JPMorgan 24,833.56 67 5.47%
4 Bank of America Merrill Lynch 23,368.44 65 5.15%
5 SG Corporate & Investment Banking 22,509.71 104 4.96%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
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%