Ulker loan proves tempting for bankers

Turkish snack food producer Ulker Biskuvi Sanayi has signed a $314m-equivalent two year syndicated loan after approaching the market for the deal in mid September.

  • 03 Dec 2012

The deal is split between a $138m tranche and a €135m ($176m) piece that pays a margin of 340bp over Libor and Euribor, respectively. It was oversubscribed by around $114m, after Ulker launched the facility at $200m.

Bank of America Merrill Lynch acted as initial mandated lead arranger, ...

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