Ülker breaks Turkey loan silence with $200m syndication

Frozen Food
By Bianca Boorer
29 Mar 2017

Ülker, a Turkish food manufacturer, has sent out a request for proposals for a $200m syndicated loan, making it the first corporate borrower from the country to enter the market this year, according to a banker on the deal.

The facility, which is being co-ordinated by Bank of America Merrill Lynch, has a three year tenor and will contain an option to increase depending on the commitments received.

The bank meeting was held on March 20 and ...

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