Akbank AG squeezes relationship banks on new refi

Region:

Europe

Oliver Gordon

Contributor

Akbank AG, the Frankfurt-based subsidiary of Turkey’s Akbank, today announced the closure of a $205 million-equivalent, dual-currency club loan. The one-year refinancing facility was signed with a 10 basis point (bp) over Libor reduction on its predecessor, and with seven more banks involved in the syndication.

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