ABN Amro, Bank of Tokyo-Mitsubishi, BayernLB, Standard Bank London and WestLB as mandated lead arrangers have closed senior syndication of a loan for Turkiye Ihracat Kredi Bankasi (Turk Ex-Im Bank) during which Calyon, HSH Nordbank, ING, Natexis Banques Populaires and Standard Chartered joined as arrangers.
The US$150mn one-year syndicated term loan facility has been launched into general syndication.
The facility may, at the discretion of the lenders, be extended for a further period of 364 days from the initial maturity date.
There is a bullet repayment and the margin is 100bp per year.
Fees are 90bps for US$7.5mn for co-arrangers; 80bps for US$5mn for lead managers; and 70bp for US$2.5mn for managers.