Last Updated December 07, 2011
Turkey’s Garanti Bank has won a US$1bn dual-tranche facility from 30 banks in 16 countries.
The loan, which will be used for trade finance purposes, will comprise two tranches of US$234mn and €576mn and will carry a margin of 100 basis points over Libor and Euribor respectively.
Garanti Bank closed its last deal in May at a slightly higher price of 110 basis points over Libor.
Reader Comments