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Good things come in threes for Turkish banks

01 November 2001

Read more: export international finance export finance pre-export finance

A trio of Turkish banks are receiving pre-export finance loans. The largest is worth $350 million and is for Turkiye Is Bankasi. The final amount represents oversubscription in syndication, leading to the facility growing by $100 million.

The deal is a one-year term loan with a margin of 80bp over Libor. The co arrangers are: Al Ahli Bank of Kuwait, Commercial Bank of Greece, Gulf Bank, National Bank of...


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