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Turk Eximbank secures 400 mln euro syndicated credit with 22 banks - ministry
March 15, 2017 / 7:36 AM / 9 months ago

Turk Eximbank secures 400 mln euro syndicated credit with 22 banks - ministry

ISTANBUL, March 15 (Reuters) - Turk Eximbank has secured a one-year 400 million euro ($425 million) syndicated loan with 22 banks, coordinated by Bank of Tokyo-Mitsubishi UFJ, the Turkish Economy Ministry said on Wednesday.

The credit, which was at a rate of EURIBOR/LIBOR plus 110 basis points, brought the level of Turk Eximbank funds secured from the syndication market up to 1.3 billion euros. ($1 = 0.9410 euros) (Writing by Daren Butler; Editing by David Dolan)

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