Shockwave of Garanti’s 125bp RFP raises 100bp fears for 2013

Fears are growing that Turkish bank borrowers might be able to command a return to all-ins of 100bp for their 2013 loans as their tour de force in the capital markets continued this week. Garanti Bank approached its lenders with a refinancing request that has shaved another 10bp off an already reduced pricing benchmark for Turkish deals.

  • 26 Oct 2012

Garanti, which is Turkey’s second largest private bank by assets, has sent out a request for proposals to lenders to refinance a $1.17bn-equivalent loan that is due to mature in December. The borrower is looking to pay 125bp all-in.

This is a full 20bp tighter than the original 2012 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%