Turkish bank Akbank has mandated American Express Bank GmbH, Bank of New York, Bank of Tokyo-Mitsubishi, Citibank, Commercial Bank of Greece, Deutsche Bank AG London, HSBC Bank, HVB Group, Mizuho Corporate Bank, Natexis Banques Populaires, Österreichische Volksbanken, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation Europe Limited, UFJ Bank, Wachovia Bank, National Association and WestLB to arrange a US$250mn 364-day term loan facility. The facility carries a margin of 75bps.

Syndication was launched on  June 12, 2003 . Banks have been invited to participate at one of the following levels:


Title Commitment Participation Fees

Co-arranger US$10mn 105bps
Senior lead manager US$7.5mn 95bps
Lead manager US$5mn 90bps
Manager US$2.5mn 85bps


Deutsche Bookrunner

HSBC Bookrunner and co-ordinator

WestLB Bookrunner

SMBC Facility agent

UFJ Documentation agent