Lenders plough into Garanti refi

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By Mariam Meskin
26 Nov 2019

Turkey's Garanti Bank has raised an $800.7m-equivalent loan refinancing, which was oversubscribed and welcomed new participants.

The loan consists of a $229.5m tranche priced at 225bp over Libor and a €518.8m tranche priced at 210bp over Euribor. Both tranches have a tenor of 367 days. 

That pricing is identical to that achieved by the other top tier Turkish banks during this refinancing season, including Akbank and Yapi Kredi Bank. 

31 lenders — ...

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