TSKB closes annual loan as lenders gear up for refi round

Turkey dollar
By Mariam Meskin
11 Jul 2019

Turkish private sector development bank, Turkiye Sinai Kalkinma Bankasi (TSKB), has closed its annual loan refinancing. The deal was signed amid secondary spreads for Turkish bank paper tightening and as a precursor to the next wave of refinancings for the country's financial institutions.

The $177m-equivalent loan is comprised of two tranches: a $67.5m tranche and a €97.5m tranche. Both have tenors of 367 days. 

The margin on the facility is 200bp, TSKB said in a statement, though fees have not yet been confirmed. 

The facility is being provided by 12 banks from 12 countries. 

The ...

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