Sekerbank secures dual currency club deal

28 Jan 2011

Turkish financial institution Sekerbank completed a dual currency Eu41m and $35m term loan from a club of banks at the end of 2010.

The one year deal pays a margin of 90bp. Wells Fargo co-ordinated the transaction with Commerzbank acting as facility agent.

Bank of Montreal, Commerzbank, Intesa Sanpaolo and Wells Fargo were the mandated lead arrangers.

Bank of Beirut, Banka Kombetare Tregtare, Citi, Fransabank, Landesbank Baden-Württemberg, Oberbank and Oyak Anker Bank also ...

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