15th Dec 2005 16:35
Turkiye Is Bankasi15 December 2005 Isbank signed a Club Deal Agreement with a cost of Libor + 0.575% USD 400 MILLION FUNDS TO ISBANK With the agreement signed in London on 13.12.2005, Is Bank secured a loan of USD400 million with a one-year term from an international consortium of 29 banksfrom 13 countries through a club deal. The loan, which will be used for exportfinancing, has a total cost of Libor + 0.575%. Despite the authorization given by Is Bankasi was for an amount of USD 300million, there was a strong demand for the Club Deal from the internationalbanks. However, still Isbank limited the amount of loan to USD 400 million. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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