Isbank set for Tuesday signing, Fibabanka comes for debut loan

10 Sep 2012

Turkey’s Isbank will sign its one year refinancing facility on Tuesday at 135bp all-in, the new benchmark margin for Turkish bank borrowers.

Isbank is refinancing a $1.2bn (equivalent) one year loan from September 2011. That deal was split between a $395m tranche and a €603m piece. The new deal is expected to have a 100% rollover rate, said bankers, so a similar split between euros and dollars is expected.

The bank ...

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