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USD 100 Million equivalent Dual-Currency Syndicated Term Loan Facility (the "Facility")
Sekerbank T.A.S. ("Sekerbank") has mandated Commerzbank Aktiengesellschaft ("Commerzbank AG"), Emirates NBD PJSC ("Emirates NBD"), Raiffeisen Zentralbank Osterreich Aktiengesellschaft ("RZB") and Wachovia Bank, N.A. ("Wachovia") (together the "Initial Mandated Lead Arrangers" and the "Bookrunners") to arrange a USD 100 Million equivalent Dual-Currency Syndicated Term Loan Facility (the "Facility") on its behalf.
Emirates NBD and Wachovia has been appointed as the Coordinating Banks for the facility. The facility was launched into general syndication on June 20, 2008, with banks from across the globe invited to participate in the Facility.
Summary Details of the Transaction:
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Borrower: |
Sekerbank T.A.S., Turkey. |
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Coordinating Banks: |
Emirates NBD and Wachovia |
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Initial Mandated Lead Arrangers & Bookrunners: |
Commerzbank AG, Emirates NBD, RZB and Wachovia |
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Launch Amount: |
USD 100 million |
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Tenor: |
364 Days |
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Repayment: |
Bullet |
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Margin: |
80 bppa. |
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Purpose: |
Pre-export and trade finance purposes. |
Click here for Arabic version.
Reported by: Corporate Communications
Reported on: 22.06.2008
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