Turkish banks steam ahead with funding

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By Mariam Meskin
26 Nov 2020

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 ...

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