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A US$125mn one-year pre-export loan for Turkey’s Ko bank is expected to close oversubscribed shortly, with an increase.

Mandated arrangers are American Express Bank, Bank of Tokyo-Mitsubishi (joint bookrunner), Citigroup, Commerzbank, Dresdner Kleinwort Wasserstein (facility agent, documentation), Landesbank Schleswig-Holstein, Natexis Banques Populaires, Standard Chartered (information memorandum), UFJ Bank, Wachovia Bank and WestLB (joint bookrunner).

The margin is 75bp over Libor with four levels of participation: co-arrangers with US$7.5mn at 105bp; lead managers for US$5mn at 100bp; managers for US$3mn at 92.5bp; and participants for US$2mn at 90bp.