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Turkish banks tap market

13 May 2011

Garanti Bank’s jumbo trade revolver, which signed this week, is just one of several one-year club deals due to close within the next few weeks. Dickon Harris reviews the Turkish FI syndications market.

Read more: Garanti Bankasi Turkish FI syndications

Turkiye Garanti Bankasi has secured a $1.4 billion trade revolver. In total 42 banks joined the deal which refinances an existing $926 million facility signed in May 2010. WestLB is the co-ordinator on the deal which is split between a one-year Eu782.5 million tranche and a one-year $304.5 million.

BBVA, BNP Paribas, Bank of America Merrill Lynch, Bank of New York Mellon Corp, Barclays Capital, BTMU, Citi, Commerzbank Group, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, ING, Intesa Sanpaolo, JPMorgan, Lloyds, National Bank of Abu Dhabi, Rabobank, SG, Scotia Capital, Standard Chartered, SMBC, Wells Fargo Securities and WestLB are mandated lead arrangers.

AKA Ausfuhrkredit, Arab Bank, BMO Capital Markets, Bank Audi SAL - Audi Saradar Group, Bank of Ireland, BayernLB, Credit Suisse, DZ Bank, Dexia, Doha Bank, Landesbank Berlin, Natixis, Nordea Bank, Oesterreichische Volksbanken, Pohjola Bank, RBS, Raiffeisen Bank...


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