ING Turkey has received a dual-currency loan from 26 international banks, to be used for trade finance purposes.

The facility is divided between a US$101.08mn tranche with a 0.55% margin and a €358.13mn tranche with a 0.45% margin, both with a tenor of 367 days.

Wells Fargo, Bank of America Merrill Lynch, Barclays, Citi, Goldman Sachs, JP Morgan, Mizuho, Standard Chartered and the Bank of Tokyo Mitsubishi UFJ acted as mandated lead arrangers, but the facility received commitments from from 26 lenders in total, extending from North America, Europe and the Middle East through to Asia.

Wells Fargo acted as co-ordinator and Bank of America Merrill Lynch as facility agent.