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CloseA block of Istanbul’s Third Bosphorus Bridge project loan is set to swap hands, as local lender Turkiye Garanti Bankasi (Garanti) is selling a portion of its exposure to another Turkey-based bank, said two sources familiar with the situation.
On 7 September, Debtwire held an online discussion on Carillion plc focusing on the UK domiciled construction services company’s financial position, the challenges it faces as it deals with a changing strategy and ballooning impairments, and potential restructuring options it could use to ease its debt burden and weak earnings.
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