Watermark
Go to Asia edition

Alternatifbank nets bigger, cheaper loan

Second tier Turkish bank Alternatifbank has signed a $235m one-year trade finance loan, reducing its borrowing costs in the process. Standard Chartered led the new facility, which will pay 170bp all-in and was syndicated as a club deal. It is replacing a $198m loan signed in May 2010 that paid 210bp.

  • 19 May 2011

The loan comprises a Eu133.5m euro tranche and $45m in dollars. Commerzbank acted as agent on the deal. Alternatifbank’s loan is the largest it has ever signed.

Isbank, another Turkish bank, also signed a loan this week, having raised $290m and Eu626m.

...

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
Log in

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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
View full table
1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 104,427.74 298 10.96%
2 Bank of America Merrill Lynch 86,347.40 249 9.06%
3 JPMorgan 80,990.39 237 8.50%
4 Wells Fargo Securities 77,934.65 225 8.18%
5 Credit Suisse 63,570.21 165 6.67%