Türkiye Garanti Bankası AŞ has mandated a group of 16 banks comprising Alpha Bank, American Express Bank GmbH, The Bank of New York, Bank of Tokyo-Mitsubishi, Ltd., Commercial Bank of Greece SA, Commerzbank Securities, Deutsche Bank AG London, HSH Nordbank AG, HVB Group, ING Bank NV, Mizuho Corporate Bank, Ltd, Natexis Banques Populaires, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation Europe Limited, UFJ Bank Limited and Wachovia Bank, National Association (joint arrangers) to arrange a €240mn term loan facility.
The loan is for f inancing or refinancing export-related transactions.
The tenor is 365 days from drawdown, while the margin is 75 basis points per annum.
Participation levels and fees:
Status Participation Fee (bp flat)
Co–Arranger €10mn 105.0
Lead Manager €5mn 95.0
Manager €3mn 90.0
Participant €2mn 87.5
Bookrunners: The Bank of Tokyo-Mitsubishi, Ltd, Mizuho Corporate Bank, Ltd, Sumitomo Mitsui Banking Corporation Europe Limited
Documentation agent: ING Bank NV
Information memorandum: Standard Chartered Bank
Facility agent: Sumitomo Mitsui Banking Corporation Europe Limited
Publicity & signing : UFJ Bank Limited