Garanti Bank adds three to May bank group

28 Apr 2013

Turkey’s Garanti Bank has mandated 24 banks for its May refinancing facility, the borrower said on Monday.

The facility will be priced at 100bp all-in, the same price paid by fellow Turkish bank borrowers Akbank and Ziraat Bank for their one year syndicated loans earlier this year.

Garanti — Turkey’s second largest bank by assets — is looking to refinance a €1bn-equivalent loan signed ...

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