Denizbank closes one year loan

15 Nov 2012

Turkey’s Denizbank has signed a $722m-equivalent one year refinancing facility from 37 banks. The loan, co-ordinated by Standard Chartered and Wells Fargo, is split between a $221m tranche and a €392.5m ($501m) piece.

Denizbank is paying 135bp all-in for the facility. This has been the benchmark price for Turkey’s financial institutions in the second half of the year, since Isbank in August broke through the first half benchmark of 145bp that had been set by Akbank in March. In the event, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.