There has been plenty of talk in the EM loan market about a recent Turkish corporate loan. And not all of it glowing praise.
Although one banker, with knowledge of the deal, had an especially salacious description of the deal.
The banker said there had been much talk of the transaction. It was led by three ambitious banks which planned to pull together an international syndicate, and were surely aiming for glittering success.
But despite the enthusiasm of the leads the deal did not meet expectations laid out for it. Our contact said the experience had been like having "a lot of sex — but not for pleasure, just for exercise.”
Goodness gracious! What happens when there’s a deal for Koç Holding?!
