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Garanti closes trade revolver
02 December 2011
Lenders state that Turkish Banks will need to pay more for their trade revolvers in the new year as Garanti Bank closes its jumbo trade revolver this week.
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Garanti Bank
Turkey
Turkish FI
Mandated lead arrangers Bank of America Merrill Lynch and WestLB have signed a $1.12 billion dual currency syndicated loan on behalf of Turkey’s Garanti Bank.
The one-year deal attracted 30 banks from 16 countries. The deal is split between $233.5 million tranche and a Eu576.2 million tranche....
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