Garanti and Fibabanka sign loans on Thursday

22 Nov 2012

Turkey’s Garanti is signing its $1.1bn-equiavalent refinancing loan on Thursday after the borrower scaled back lender commitments.

The loan is split between a $308.5m piece and a €615.5m ($792m) tranche. Both pay a margin of 125bp all-in. This is a 10bp cut on the price benchmark that its peers have adhered to since August when Isbank broke through the first half benchmark of 145bp that ...

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