A US$500mn 364-day syndicated term loan for Turkey’s Finansbank has been oversubscribed and increased to US$725mn (see GTR, Nov/Dec 2005, p104). A total of 66 banks committed to the facility, including the 26 mandated lead arrangers.
The facility is priced at 50bp per year.
Mandated lead arrangers are: ABN Amro, Alpha Bank, American Express Bank GmbH, Bank of New York, Bank of Tokyo-Mitsubishi, BayernLB, Citibank, Commerzbank, Deutsche Bank AG London, Dresdner Kleinwort Wasserstein, Fortis Bank, Groupe Banque Populaire, Gulf International Bank, HSH Nordbank, HVB Group, Bayerische Hypo- und Vereinsbank, Bank Austria Creditanstalt, ING Wholesale Banking, Mashreqbank, Merrill Lynch International, Mizuho Corporate Bank, National Bank of Greece, RZB, SG CIB, Standard Chartered, UFJ Bank, Wachovia Bank, WestLB AG, London.
Co-arrangers Commercial Bank of Kuwait, Egnatia Bank, JPMorgan Chase, Sumitomo Mitsui Banking Corporation Europe, LBBW Group, and LRP Landesbank Rheinland-Pfalz Landesbank Baden-Wurttemberg.
Lead managers: CoBank and Emporiki Bank of Greece.
Managers are: Arab Banking Corporation, Arab Investment Company, Bank of Nova Scotia, BHF-Bank, Doha Bank, Hypo Alpe-Adria-Bank International, ICICI Bank Singapore, KBC Bank Dublin, National Bank of Oman, San Paolo IMI London, UniBanka.
Participants: MKB Bank, Bre Bank, Saudi National Commercial Bank Bahrain, Sampo Bank, Union de Banques Arabes et Francaises – UBAF, AKA Ausfuhrkredit, Attijariwafa Bank, Bahraini Saudi Bank, Banca Intesa, Banca Lombarda International, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Bank of Ireland, Credit Suisse, DBS Bank, KeyBank, Nordea Bank, Oko Bank, Coperatieve Centrale Raiffeisen-Boerenleenbank, Swedbank, Zricher Kantonalbank and Banco Popular Espanol.