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BRIEF-Vakifbank signs $891 million equivalent syndication loan agreement
September 26, 2017 / 6:59 AM / 3 months ago

BRIEF-Vakifbank signs $891 million equivalent syndication loan agreement

Sept 26 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO :

* SAID ON MONDAY SIGNED A SYNDICATION LOAN AGREEMENT FOR USD 131 MILLION AND EUR 634 MILLION, USD 891 MILLION EQUIVALENT IN TOTAL WITH THE PARTICIPATION OF 22 BANKS FROM 12 COUNTRIES

* THE AGREEMENT SIGNED WITH BANKS UNDER THE JOINT COORDINATION OF ING BANK AND EMIRATES NBD AND ING BANK, LONDON BRANCH AS THE AGENT BANK

* THE 367-DAYS TERM LOAN WILL BE USED FOR TRADE FINANCE PURPOSES AND THE ALL-IN COST IS LIBOR +1.35% FOR USD TRANCHE AND EURIBOR +1.25% FOR EURO TRANCHE

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Further company coverage: (Gdynia Newsroom)

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