Isbank signs syndicated loan

Isbank signs syndicated loan

Published: May 11, 2012

Turkish bank raises US$1.2bn from 51 lenders.

Turkey’s Isbank has signed a dual tranche syndicated loan for US$241mn and €742.5mn (US$961mn).

The loan was provided by 51 banks from 22 countries and will be used for financing international trade.

The latest issue of EMEA Finance includes a feature exploring recent trends in dealmaking from Turkish banks.