ING Turkey raises loan ahead of Turkish refi round

By Mariam Meskin
12 Aug 2019

ING's Turkish arm, ING Bank AS, has raised a $309m-equivalent trade finance loan from international lenders. The deal is a precursor to the year's second round of Turkish bank refinances, expected to begin in the next month.

The loan consists of a €190m tranche and a $96m tranche, both with a tenor of 367 days. 

Mandated lead arrangers were Barclays, Doha Bank, Goldman Sachs, JP Morgan, Standard Chartered, SMBC and Sberbank. Standard Chartered was sole co-ordinator while Mizuho was facility agent. 

12 more banks participated in the ...

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