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Turkey’s Finansbank has raised US$265mn in a general syndication – an increase from US$175mn. The bank is expected to increase the loan to US$250mn.

Mandated lead arrangers are Alpha Bank, Arab Investment Co, Bank of New York, Bank of Tokyo-Mitsubishi, Groupe Banque Populaire, CoBank, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSH Nordbank, HVB Group (joint bookrunner), Standard Chartered (joint bookrunner), Wachovia and WestLB (joint bookrunner).

Co-arrangers can commit US$7.5mn-US$10mn for 120bp; lead managers US$5mn for 110bp; managers US$3mn for 105bp; and participants US$2mn for 102.5bp.

The margin is 80bp.