ING Turkey raises loan ahead of Turkish refi round

ING's Turkish arm, ING Bank AS, has raised a $309m-equivalent trade finance loan from international lenders. The deal is a precursor to the year's second round of Turkish bank refinances, expected to begin in the next month.

  • By Mariam Meskin
  • 12 Aug 2019

The loan consists of a €190m tranche and a $96m tranche, both with a tenor of 367 days. 

Mandated lead arrangers were Barclays, Doha Bank, Goldman Sachs, JP Morgan, Standard Chartered, SMBC and Sberbank. Standard Chartered was sole co-ordinator while Mizuho was facility agent. 

12 more banks participated in the ...

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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%