Page 36 - TURKRptNov19

Turkish lenders' loan debt repayment obligations are going down. The real sector's external debt repayment obligations are going up. Overall financing needs remain high.
Vakifbank obtains $417mn securitisation loan​. On October 16, state-run Vakifbank said in a stock exchange filing that it obtained a 7-year $417mn securitisation loan with a grace period of three years.
On October 18, ​glassmaker Trakya Cam, a Sisecam Group company, said in a stock exchange filing that it obtained a €200mn syndicated loan​. A €175mn 3-year tranche came with a cost of Euribor+2.65% while the remaining €25mn tranche was pegged at Euribor+2.95%.
36​ TURKEY Country Report​ November 2019 ​ ​www.intellinews.com