Turkey
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Turkey’s İşbank increased the size of the dollar tranche in its first annual loan refinancing, for $1.4bn equivalent. -
Turkiye Sinai Kalkinma Bankasi (TSKB) is preparing to open up a new market in Turkey by issuing the country’s first ever green bond against a volatile political backdrop.
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Turkey’s Garanti Bank has increased the amount of dollar commitments in its latest loan refinancing, while Yapi Kredi saw the proportion of dollars fall.
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The Islamic subsidiary of Turkey’s Ziraat Bank has signed its first murabaha loan, increasing the deal from $75m to $155m. Meanwhile, Sharjah Islamic Bank secured a $265m loan.
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Turkey’s sovereign curve widened between 5bp-10bp on Thursday after Turkey’s prime minister Ahmet Davutoglu agreed to step down, though bankers said the asset class was holding up versus equities, at least.
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Turkey’s sovereign curve widened between 5bp–10bp on Thursday after expectations that Turkey’s prime minister Ahmet Davutoglu will step down, though bankers said the asset class was holding up versus equities at least.
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Turkish bank Yapi ve Kredi Bankasi has refinanced the 367 day credit facility it signed in April last year, maintaining the size of the lender group.
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Turkey’s Garanti Bank has increased the amount of dollar commitments in its latest loan refinancing versus the expiring deal, bucking the recent trend or the country’s banks.
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Turkey this week chose to take its second chunk of funding this year via a tap to double the $1.5bn it raised with a 10 year in March.
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Vakifbank’s debut euro Turkish covered bond is good for investors, good for emerging markets borrowers and good for the global economy. But the deal would probably never have happened without the intervention of the European Central Bank.
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Türkiye Vakiflar Bankasi, or VakifBank, this week issued the first publicly syndicated Turkish covered bond, sending a powerful message to other Turkish banks and emerging market issuers that the investor base is wide open and eager for more EM names.
