Alternatif, Turkiye Finans launch refinancing loans

16 May 2013

Alternatifbank and Turkiye Finans have both launched syndicated loans into the market this week. Alternatif approached the conventional market, while Turkiye Finans is looking to tap Islamic lenders.

Mid-tier Turkish financial institution Alternatif has hired Commercial Bank of Qatar and Standard Chartered to co-ordinate its loan. The facility will be split between dollars and euros.

The borrower is paying a margin of 70bp above Libor and Euribor for the deal. The all-in is higher than the 100bp ...

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