Vakifbank launches, EIB mulls more for Halkbank

28 Feb 2013

Turkey’s state-owned Vakifbank has hired Bank of America Merrill Lynch to co-ordinate a one year facility to refinance a $946m-equivalent existing loan. This is the third Turkish financial institution deal that BofAML has co-ordinated since the beginning of the year.

Vakifbank launched the deal earlier this week priced at 100bp all-in. This is the same pricing as the BofAML co-ordinated loans for Akbank and Ziraat Bank that are in the market now.

Vakifbank’s loan will be split between euro and dollar tranches. The facility that the new loan is ...

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