Banque du Bosphorehas mandated RZB to arrange a US$20mn term loan facility. The transaction will be launched into general syndication. The tenor is 364 days. The margin is 55bp.
Investors will be invited to join the transaction with different commitment levels as co-arranger, lead manager and manager. The fee levels will be fixed according to participation amount.
Banque du Bosphore’s shareholders are Compagnie Financiére de Paris (AXA insurance group) with 34%, who is acting as “reference shareholder ‘, TC Ziraat Bankasi with 26%, Turkiye Vakiflar Bankasi with 20% and Finans International Holdings with 20%. The borrower is active in financing trade mainly between Europe and Turkey.