İşbank gets dual tranche facility at 'fair' pricing

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By Mariam Meskin
12 Nov 2020

İşbank, Turkey's largest private bank by assets, has raised a dual tranche syndicated loan, with margins that were priced "fairly" considering the country's credit risk and general market conditions, according to bankers.

The syndicated loan consists of two tranches: a €448m and a $238m tranche, both with a maturity of 367 days. 

The syndication was made up of 33 banks across the US, Asia, Europe and the Middle East. 

Bank of America, Standard Chartered and Qatar's Commercial Bank were joint coordinators, while ...

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