Alternatifbank to Sign $198 Million Loan to Refinance Debt

Alternatifbank AS (ALNTF), a Turkish lender, is due to sign a 123.5 million-euro ($155 million) and $42.5 million one-year term loan later today, according to data compiled by Bloomberg.

The Istanbul-based bank may pay interest at 110 basis points more than benchmark rates for the loan, the data show. That compares with a margin of 90 basis points on the $235 million one-year facility being replaced, according to data compiled by Bloomberg.

To contact the reporter on this story: Louise Meeson in London at lmeeson@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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