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  • 25-03-21

    Turkey Wealth Fund finalizes syndication loan

    (MENAFN)A syndication loan transaction stood at €1.25 billion (USD1.48 billion) with the contribution of 14 banks from countries from Asia, Europe, North America, and the Middle East, was finalized by the Turkey Wealth Fund.

    With four new banks joining the syndication, the syndicated loan of €1 billion used in March 2019 was renewed, statement by the fund further declared.

    It also said that the yearly pricing of the two-year loan came into 25 basis points below the cost aquired in 2019, and was realized as Euribor +2.25 percent.

    Beneath the joint coordination of ICBC and Citi, ICBC was the lead bookrunner, Citi was the bookrunner and documentation representative, and HSBC was the credit representative.

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