Turkey’s Akbank first out of the blocks

01 Feb 2011

Turkish financial institution, Akbank, is set to appoint a co-ordinator to refinance its $1.2bn one year deal signed in March 2010.

It will be the first loan for a Turkish bank in 2011.

The dual currency loan will have a tenor of one year and the size will depend on the response from banks invited to join the deal. Loans bankers close to the deal said that it is expected ...

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