Turkey is keeping Standard Chartered busy this season. Well versed in Turkish future flows, the arranger is understood to have a mandate from each Turkiye Is Bankasi (Isbank) and Finansbank.
The originators are pursuing different routes. Finansbank is going unwrapped, while Isbank is reportedly having one tranche wrapped by Ambac and another by MBIA. Both are scheduled to price the week of Nov. 8.