TEB signs refi at new benchmark

27 Aug 2012

Turk Ekonomi Bankasi (TEB) has signed a $435.5m-equivalent one year refinancing, becoming the second Turkish bank to sign a loan at a margin of 135bp this year.

The bank closed its $435.5m-equivalent loan late last week. It was split between a €250m ($313.5m) piece and a $122m tranche.

Standard Bank and Wells Fargo co-ordinated the deal.

TEB follows fellow Turkish borrower Akbank, which signed its $1.45bn-equivalent refinancing at 135bp all-in two weeks ago. Isbank ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

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: subs@globalcapital.com or find out more online here.