ZIRAAT BANK SECURES USD 1.3BN SYNDICATED LOAN

Ziraat Bank has secured a USD 1.3bn syndicated loan consisting of EUR 873m and USD 293m. Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited Bank and the Commercial Bank (P.S.Q.C.) coordinated the 367-day maturity loan. The total cost of the loan will be LIBOR (London Interbank Offering Rate) +250 base points for the USD part and EURIBOR (Euro Interbank Offering Rate) +225 base points for the EUR part. The syndicated loan has been secured with the participation of 45 international banks from 23 countries. The amount will be used by the bank for financing exports.