Mandated lead arrangers have been appointed for a new US$375mn one-year (bullet) syndicated term loan for Turkey’s Akbank. Those selected are: ABN Amro (bookrunner), Alpha Bank, American Express GmbH, Arab Investment Company, Bank of Nova Scotia, Bank of New York, Bank of Tokyo-Mitsubishi, BayernLB, Citibank, Deutsche Bank London, DZ Bank, Erste Bank, Fortis Bank, HVB Group, ING Bank, Mashreqbank, Mizuho Corporate Bank, Natexis Banques Populaires, RZB, Standard Bank London (bookrunner), Standard Chartered, Sumitomo Mitsui Banking Corporation Europe (facility agent), UFJ Bank (documentation), Wachovia Bank and WestLB London (bookrunner and info memo).

The facility, which represents a refinancing of Akbank’s US$350mn pre-export finance facility signed in July 2003, was launched into general syndication on July 1.

The margin is 55bp per year.

Fees for co-arrangers are 65bp for US$10mn; 55bp for senior lead managers for US$5mn; 50bp for lead managers for US$3mn; 47.5bp for managers for US$2mn.