Turkish banks steam ahead with funding

Turkish lender Garanti Bank has raised a syndicated loan, as the country’s top-tier banks continue securing funding at competitive rates.
The one year syndicated loan consists of a $267.5m tranche and a €312m tranche.
The all-in pricing was 250bp over Libor and 225bp over Euribor respectively.
“There have been no issues for banks in refinancing and rolling over their existing debt," said a senior ...Already a subscriber? Login