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ABC International Bank plc, Bank of Tokyo-Mitsubishi, Ltd and WestLB AG (mandated lead arrangers) have closed a three-year US$70mn term loan facility for Sabanci Bank plc.
The deal was launched at an amount of US$50mn and following an oversubscription in general syndication has been raised to US$70mn. Repayment is bullet at maturity. The margin pays 70bp over Libor.
Sabanci Bank plc is incorporated in England and based in London . It was established in 1983 and it is a British bank authorised and regulated by the Financial Services Authority.  Sabanci Bank plc is rated Baa1 by Standard & Poors and BBB by Fitch.
Following the close of general syndication the following banks joined the facility:
Co-arrangers: Banca Monte dei Paschi di Siena SpA, London ; Bank Sepah International; Emirates Bank International; Erste Bank ( Malta ) Limited; HSH Nordbank AG; National Bank of Egypt International Limited.
Lead managers: Landesbank Rheinland-Pfalz-Girozentrale; Melli Bank.
Managers: Bank Leumi Group; RMB (International) Dublin ; Sampo Bank.