Garanti signed US$1 billion dual tranche syndicated loan
Garanti signed US$1 billion dual tranche syndicated loan
Our Bank has signed a US$ 1 billion 1 year syndicated loan, comprising two separate tranches in the amount of US$ 316,400,000 and € 513,500,000 on November 30, 2010 in London. The loan which will be used for trade finance purposes has been executed with commitments received from 49 banks from 18 countries. The all-in cost has been realized as Libor+1.2% and Euribor+1.2% respectively.