ABC International Bank plc, Bank of Tokyo-Mitsubishi, Ltd and WestLB AG (mandated lead arrangers) have closed a three-year US$70mn term loan facility for Sabanci Bank plc.
The deal was launched at an amount of US$50mn and following an oversubscription in general syndication has been raised to US$70mn. Repayment is bullet at maturity. The margin pays 70bp over Libor.
Sabanci Bank plc is incorporated in England and based in London . It was established in 1983 and it is a British bank authorised and regulated by the Financial Services Authority. Sabanci Bank plc is rated Baa1 by Standard & Poors and BBB by Fitch.
Following the close of general syndication the following banks joined the facility:
Co-arrangers
Banca Monte dei Paschi di Siena SpA, London branch
Bank Sepah International plc
Emirates Bank International
Erste Bank ( Malta ) Limited
HSH Nordbank AG
National Bank of Egypt International Limited
Lead managers
Landesbank Rheinland-Pfalz-Girozentrale
Melli Bank plc
Managers
Bank Leumi Group
RMB (International) Dublin Limited
Sampo Bank plc
