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Turkey's Denizbank secures $720 mln syndicated loan
November 14, 2012 / 8:28 AM / 5 years ago

Turkey's Denizbank secures $720 mln syndicated loan

ISTANBUL, Nov 14 (Reuters) - Turkish lender Denizbank secured a $720 million one-year syndicated loan in a deal coordinated by Standard Chartered and Wells Fargo at a total cost of Libor + 135 basis points, Denizbank said on Wednesday.

The bank, owned by Russia’s Sberbank, said 37 banks from 20 countries took part in the deal. (Writing by Daren Butler; Editing by Nick Tattersall)

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