Isbank latest Turkish FI to sign refi

08 May 2013

Turkey’s Isbank has signed a $1.3bn-equivalent one year refinancing loan from 47 banks. The deal is split between a $441m tranche and a €631m ($830m) piece.

Both tranches pay 100bp all-in above Libor and Euribor, respectively. This pricing is the same as the all-ins paid by Turkey’s other top tier banks for their loans signed this year.

Isbank has the option to extend its loan by another year. Standard Chartered co-ordinated the facility, which ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial