Vestel, the Turkish electronics manufacturer, has signed a debut US$80mn letter of credit facility with sole mandated lead arranger and bookrunner ABN Amro. The facility was increased from US$75mn after an oversubscription.
Cr édit Agricole and Deutsche Bank are lead arrangers. HSH Nordbank, Raiffeisen Zentralbank Oesterreich and GarantiBank are arrangers. Landesbank Rheinland-Pfalz is manager.