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Joint arrangers American Express Bank GmbH, Bank of New York (bookrunner and facility agent), HSH Nordbank, HVB Group bookrunner), RZB, Standard Bank London (documentation) and Wachovia Bank have been mandated by Turkey’s DenizBank to arrange a 364-day bullet US$75mn syndicated term loan facility.

The transaction has been launched into general syndication.

The margin is 85bp per annum.

Co-arrangers at US$7.5mn or more will earn fees of 125bp; lead managers with US$5mn or more, 115bp; managers with US$2.5mn or more, 105bp; participants with US$1mn or more 100bp.