Isbank and Garanti to settle for 150bp Turkish standard

15 Apr 2010

Isbank and Garanti have become the latest Turkish financial institutions to tap the loan market and both are set to maintain the country’s benchmark of 150bp all in.

The first two top tier financials to launch deals this year — Akbank and Isbank — were met with a blowout response, Akbank raising $1.2bn (it was replacing a $615m facility) and Vakif $923m. As such some bankers feared that the benchmark for Turkish one year FI loans ...

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