RZB and WestLB as mandated arrangers and a syndicate of banks have successfully signed a US$55mn syndicated term loan for Koc Leasing. The facility benefits from a letter of comfort from Koc Financial Services.

Emporiki Bank of Greece and Natexis Banque Populaires are co-arrangers.

Alpha Bank, Emirates Bank International, State Bank of India Bahrain, and Arab Investment Company are lead managers.

Zinostensk banka is a manager.

The loan will be used for general corporate purposes. The margin is 60bp over Libor and has a tenor of 370 days. Tickets on offer range from US$2.5mn to US$7.5mn and upfront fees from 30-40bp.

Koc Leasing was established in February 1995 and is a leading financial leasing company within the Koc Financial Services Group, owned in equal shares by Koc Holding of Turkey and UniCredit (UCI) of Italy.