Syndicated Loan Agreement

25.05.2010Syndicated Loan Agreement

On 25.05.2010, Isbank signed an agreement, in Istanbul, for a syndicated loan with dual tranche for USD 193.5 million and EUR 565.2 million. The syndicated loan, which was raised by participation of 48 banks from 21 countries will be used for financing international trade. The cost of the part that belongs to the banks with highest shares has been realized as Libor +1.5% and Euribor +1.5%, respectively. The one-year syndicated loan has one-year extension option.