Financial and Banking News
LOANS AND ISSUES
Arab Banks Lend to Turkish Borrowers
Three Turkish deals are currently on the market with significant Arab bankparticipation. Yapi ve Kredi Bankasi (YKB) is borrowing $50mn for one year froma group with three lead managers, including Gulf International Bank, Kuwait AsiaBank and Bank of Tokyo. The loan carries a 1.125% spread over Libor and frontend fees are 62.5bp for $4mn, 55bp for $3mn, 50bp for $2mn and 45bp for $1mn....