Turkiye Garanti Bankasi A S : Announcement regarding Syndicated Term Loan
November 21, 2014 at 08:40 pm IST
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TO : INVESTMENT COMMUNITY
FROM : GARANTI BANK / Investor Relations
Tel: (90 212) 318 2352
Fax: (90-212) 216 5902
E-mail: investorrelations@garanti.com.trSUBJECT : Announcement regarding syndicated loan DATE : November 21, 2014
Our Bank has signed a 1 year syndicated loan agreement in the amount of USD 1,3 billion, comprising of two separate tranches in the amount of € 785 million and US$ 318,75 million on 21st November 2014. The loan which will be used for trade finance purposes has been executed with commitments received from 39 banks from 18 countries. The all-in cost has been realized as Euribor+0,90% and Libor+0,90% respectively.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
Yours sincerely. Garanti Bank
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.