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Turkey’s Denizbank has signed a US$135mn 364-day term loan. The deal was oversubscribed by US$60mn and Denizbank chose to increase it from the initial US$75mn. The margin is 85bp over Libor.

Mandated lead arrangers are American Express, Bank of New York, HSH Nordbank, HVB, RZB, Standard Bank, Standard Chartered and Wachovia.

Denizbank made its last (and debut) trip to the syndicated market in October 2000 with a US$35mn, one-year bullet term priced at 110bp over Libor. Mandated lead arrangers then were Bank of New York and HypoVereinsbank.