Turkiye Garanti Bankasi signs $698.86 million of bank financing

By Sarah Lizee

Olympia, Wash., May 20 – Turkiye Garanti Bankasi AS signed three separate loan agreements with its bank including a syndicated loan agreement with a 367-day term in the total funding amount of $698.86 million, according to a notice.

International Finance Corp. and European Bank for Reconstruction and Development also participated in the financing.

The all-in cost has been realized as Libor plus 225 basis points and Euribor 200 bps.

The lender is based in Istanbul.

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