TSKB closes annual loan as lenders gear up for refi round

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.

  • By Mariam Meskin
  • 11 Jul 2019

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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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 208,497.35 553 11.27%
2 Bank of America Merrill Lynch 187,534.33 591 10.14%
3 Citi 115,328.79 345 6.23%
4 Wells Fargo Securities 101,733.60 377 5.50%
5 MUFG 99,613.32 569 5.38%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
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1 Sumitomo Mitsui Financial Group 3,299.26 7 9.41%
2 Standard Chartered Bank 3,013.82 10 8.60%
3 First Abu Dhabi Bank 2,953.95 12 8.43%
4 BNP Paribas 2,737.23 6 7.81%
5 Citi 2,083.52 9 5.94%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 5,589.28 27 6.64%
2 Goldman Sachs 5,310.66 28 6.31%
3 Credit Agricole CIB 4,996.05 29 5.93%
4 BNP Paribas 4,989.41 40 5.93%
5 Deutsche Bank 4,671.96 29 5.55%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 27,275.91 109 7.92%
2 Credit Agricole CIB 25,517.00 104 7.41%
3 JPMorgan 21,834.93 53 6.34%
4 Bank of America Merrill Lynch 21,222.68 53 6.16%
5 SG Corporate & Investment Banking 16,639.52 78 4.83%

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%