Sekerbank happy with 90bp margin

Turkey’s Sekerbank will pay a margin of 90bp on its $100m one year deal. Ali Kucukcan, senior area manager and vice president of the financial institution department, told EuroWeek that although the schedule was tight the bank expects to close the deal before the end of the year.

  • 25 Nov 2010

The deal is Sekerbank’s first syndicated loan since 2008. Wells Fargo is co-ordinating the dual-currency dollar and euro loan. Commerzbank, Intesa Sanpaolo and Banko Montreal joined Wells Fargo as MLAs on the transaction with tickets of $15m.

The borrower is one of Turkey’s mid-size financial institutions and the low ...

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