Garanti signed EUR 1 billion dual tranche syndicated loan
Garanti signed EUR 1 billion dual tranche syndicated loan
Our Bank has signed a EUR 1 billion 1 year syndicated loan, comprising two separate tranches in the amount of € 782,500,000 and US$ 304,500,000 on 10th May, 2011. The loan will be used for trade finance purposes and has been executed with commitments received from 42 banks from 19 countries. The all-in cost has been realized as Euribor+1.1% and Libor+1.1% respectively.