The Turkish squeeze: Akbank and Vakif usher in new pricing benchmarks

Turkey’s top tier banks are likely to keep on narrowing pricing on their syndicated loans following the blowout success of Akbank and Vakifbank’s deals, bankers said on Wednesday.

  • 24 Mar 2010

Vakif, which set out to replace $525m of loans repaid in December, will sign a $945m one year facility on Wednesday night in Istanbul. Akbank, replacing a $615m deal that also matured in December, will sign at $1.225bn on Thursday.

The two borrowers attracted plenty of demand despite paying ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

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
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%