Turkey

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.

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.

Yapi Kredi Leasing (YKL), the leasing arm of Turkey’s Yapi Kredi Bank, paid 2% over Libor for its latest $206m loan and will become a benchmark for the Turkish leasing sector, according to a banker close to the deal.

The leasing arm of Turkey’s Yapi Kredi Bank, Yapi Kredi Leasing (YKL), has signed its first loan in eight years for $106m, as its parent company kicks off a $1.2bn refinancing.

Participation from international lenders reached €544m in the latest loan for Turkey’s Türk Ekonomi Bankasi (TEB), a 15% increase from last year.