Turkey

Six Turkish banks will provide €4.5bn in Turkey’s second largest ever project finance loan, for Istanbul Atatürk Airport, although the deal will not be syndicated.

Turkish mobile phone operator Turkcell has released price guidance for a 10 year dollar bond at 6.25% yield area, having waited a fortnight for the right opportunity to print its debut trade.

Turkey’s Yapi Kredi Bank has named the 38 lenders in its latest $1.2bn-equivalent one year loan.

Turkey’s Yapı Kredi Bank has signed a $1.2bn-equivalent one year loan, leaving only Garanti left to come in the refinancing cycle for large Turkish banks.

Turkcell will add to a busy September of funding by signing up to €1.25bn of loans with the China Development Bank in the next few days.

Turkcell has mandated BNP Paribas, Citi and HSBC for a debut dollar bond and is set to meet investors in the US and Europe next week ahead of the deal.

In an unexpected move, Dubai Islamic Bank (DIB) pulled out of Albaraka Türk’s latest $450m murabaha loan because it did not think the loan was Shariah-compliant, according to bankers on the deal.

Garanti Bankasi has signed a $150m three year loan, only the second three-year deal in Turkey since 2006 after Akbank’s deal in July.

Turkey's Vakifbank and Isbank have secured the same 75bp all-in costs as Akbank's recent deal for their annual trade finance loans.

In an unexpected move, Dubai Islamic Bank (DIB) pulled out of Albaraka Türk’s latest $450m murabaha loan because it did not think the loan was Shariah compliant, according to two bankers on the deal.

Turkish participation bank Albaraka Türk has signed a $450m-equivalent one year loan, which it increased from the $400m launch size.

Turkish participation bank Albaraka Türk will sign its murabaha loan next week and increase the deal from the $400m launch size, according to bankers on the deal.