Turkish duo raise loans as volatility fails to ruffle lenders

Turkey flag
By Mariam Meskin
28 Oct 2019

Yapi Kredi Bank has secured a $950m-equivalent loan, following Akbank, which heralded in the Turkish bank refi season last month. Glass manufacturing company Trakya Cam Sanayii also signed a €200m syndicated loan this month, signalling confidence in the Turkish market, despite what has been a bumpy year in the country's capital markets.

The new dual currency deal contains two tranches: a $370m tranche priced at ...

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