Turkiye Garanti Bankasi signs $365 million, €247 million bank financing

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – Turkiye Garanti Bankasi AS signed a two-part syndicated loan agreement with a 367-day term, according to a notice.

The loan consists of a $365 million tranche with an all-in cost at Libor plus 215 basis points and a €247 million tranche at Euribor plus 175 bps.

Proceeds will be used for trade finance purposes.

The lender is based in Istanbul.

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