Akbank secures loan at competitive rates despite crisis
Turkey’s Akbank has raised a $700m one year syndicated loan. The deal was priced at 250bp over Libor and 225bp Euribor.
Participating in the deal were 34 international lenders from 19 countries
The borrower raised a $605m syndicated loan from international lenders in April. That deal was priced tighter at 225bp over Libor and 200bp over Euribor.Turkey has had a tumultuous few months, with the Turkish lira this week depreciated ...