Akbank’s 364-day loan has been signed and increased from US$250mn to US$350mn.
Mandated lead arrangers are American Express, Bank of New York, Bank of Tokyo-Mitsubishi, Citigroup, Commercial Bank of Greece, Deutsche Bank, HSBC, HypoVereinsbank, Mizuho, Natexis Banques Populaires, Österreichische Volksbanken, Standard Chartered, SMBC, UFJ Bank, Wachovia and WestLB.
Co-arrangers are Commercial International Bank Egypt, Erste Bank, Mashreq Bank, Raiffeisen Zentralbank Österreich, Bank of Nova Scotia, UBAE -Arab Italian Bank and Union Bank of Norway .
Arab Investment Company is a senior lead manager while lead managers are Bank Leumi, Banque Misr, Crédit Lyonnais, Moscow Narodny Bank and United National Bank Pakistan .
Managers are Chang Hua Commerical Bank, BancaIntesa, Banco Esp íÂrito Santo, Bank Hapoalim, Bre Bank, BW Bank, Landesbank Rheinland Pfalz, Nordea, Oberbank, Rabobank and Banco di Roma.
The margin is 75bp over Libor. Fees paid are: 105bp for co-arrangers with US$10mn; 95bp for senior lead managers with US$7.5mn; 90bp for lead managers with US$5mn; and 85bp for managers with US$2.5mn.