Turkey Banks Find Cheaper Long-Term Debt Despite Tariff Turmoil
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Turkish banks are set to borrow at the longest maturities on the syndicated loan market in nearly a decade, with some investors seeing slower inflation partly offsetting global uncertainties caused by President Donald Trump’s tariff plans.
Lenders led by Akbank TAS and Yapi ve Kredi Bankasi AS are finding the costs of syndications — which account for about 10% of Turkish banks’ external borrowings — are lower than 2024, even as they tap investors for longer-term debt.