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Alpha Bank AE, American Express Bank GmbH, Bank of Tokyo-Mitsubishi, HVB Group, Standard Chartered, Sumitomo Mitsui Banking Corporation Europe Ltd, Wachovia Bank and WestLB (joint mandated arrangers) have signed with Kocbank AS a US$200mn one-year syndicated term loan facility. The loan was increased from an initial US$125mn and represents a refinancing of the Turkish bank’s US$200mn 364-day pre-export finance facility signed in April, 2002 and repaid earlier this year.

The margin for the bullet loan is 75bp over Libor.

Co-ordinating arranger: WestLB AG

Joint bookrunners: Bank of Tokyo-Mitsubishi, Ltd, Standard Chartered Bank, WestLB

Facility agent:    Sumitomo Mitsui Banking Corporation Europe Ltd

Documentation agent:    WestLB AG    

Information memorandum: Standard Chartered Bank

Arab Investment Company is an arranger.

Co-arrangers are (US$7.5mn at 105bp): Union Bank of Norway .

Lead managers are (US$5mn at 100bp): Araba Banking Corp, Bank Leumi, Bank of New York, Credit Lyonnais, Erste Bank ( Malta ) Ltd, Natexis Banque Populaires, Osterreichische Volksbanken, RZB Austria.

Managers (US$3mn at 92.5bp): BW Bank, Banque Internationale de Commerce, Bayern LB.

Participants (US$2mn at 90bp): Anglo-Irish, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Bank Hapoalim, Bank of Nova Scotia, Banque Misr, Commercial Bank of Greece, Indover Bank, KBC Bank, Tunis International Bank, UBAE Arab Italian Bank, UBAF.