Akbank starts talks on Eu1bn refinancing

Akbank has sent out a request for proposal (RFP) for the refinancing of the Eu1bn facility it signed last year, following other Turkish financial institutions which have successfully rolled over most of their foreign debt. Akbank’s deal, which matures in August and September, will be one of the single biggest Turkish refinancings of the year.

  • 27 May 2009

The borrower is understood to have sent out invitations to potential lenders last week.

Akbank also has a Eu500m facility expiring in June 2009 — a three year deal secured in 2006 — but that loan will be repaid.

The Eu1bn that Akbank is refinancing is split into tranches ...

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