USD 300,000,000 Equivalent Multi-Currency Syndicated Term Loan Facility

Tekstil Bankasi A.S. ("Tekstilbank") has successfully raised a USD 300.0 Million equivalent Multi-Currency Syndicated Term Loan Facility (the "Facility"). Borrowings under the Facility will be used by Tekstilbank for its trade financing activities.

Summary Details of the Transaction:

Total 34 banks from across the globe joined the Facility with 50% of the total participation coming from Europe, 30% coming from the Middle East and 20% coming from the Americas. List of the banks which participated in the facility are as follows.

• American Express Bank GmbH
• Arab Bank plc
• BMI Bank B.S.C(C)
• Banque Misr
• BayernLB
• Commercial International Bank (Egypt) S.A.E
• Commerzbank Aktiengesellschaft
• Emirates NBD PJSC
• Erste Bank
• Gulf International Bank B.S.C.
• Hypo Alpe-Adria-Bank International AG
• JPMorgan Chase Bank, N.A.
• Mashreq PSC
• The Governor and Company of the Bank of Ireland
• Wachovia Bank, National Association
• Dexia Bank
• National Bank of Greece S.A. London Branch
• AKA Ausfuhrkredit Gesellschaft mbH
• CITI
• Landesbank Baden-Württemberg, London Branch
• OYAK ANKER Bank GmbH
• Standard Chartered Bank
• The Bank of Nova Scotia
• National City Bank
• Ziraat Bank International AG
• Banca Monte dei Paschi di Siena SpA, London Branch
• Banca UBAE S.p.A.
• Bank of Montreal
• EMRO Finance Ireland Limited (Banca Popolare dell'Emilia Romagna Banking Group
• Habib Bank AG Zurich, Dubai, UAE
• Intesa Sanpaolo SpA, London Branch
• KBC Bank NV Dublin Branch
• Rabobank International
• Zürcher Kantonalbank

Speaking at the signing ceremony in Istanbul, Mr. Abdul Wahed Al Fahim, General Manager, Wholesale Banking – Emirates NBD commented "Conclusion of this highly successful and strategic transaction for Tekstilbank represents yet another example of Emirates NBD's continued commitment towards providing its debt capital market arrangement capabilities to quality institutions across the globe. Having established a leadership position as No. 1 arranger of debt capital market transactions from the Middle East, Emirates NBD remains committed to further expand and demonstrates these capabilities globally. Being located in close proximity and having strong ties with both Europe and the Middle East, Turkey represents a very attractive market for us and we will continue to explore attractive business and strategic opportunities in the country"

Click here for Arabic version.

Reported by: Corporate Communication
Reported on: 05.08.08

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