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Article: United Arab Emirates:Tekstil Bankasi A.S. raises $300m equivalent multi-currency syndicated term loan.
- Article from:
- TendersInfo
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
Tekstil Bankasi A.S. (Tekstilbank) has successfully raised a $300m equivalent multi-currency syndicated term loan facility (the Facility).
Borrowings under the Facility will be used by Tekstilbank for its trade financing activities.
A total of 34 banks from across the globe joined the Facility with 50% of the total participation coming from Europe, 30% coming from the Middle East and 20% coming from the Americas.
List of the banks which participated in the facility are as follows: American Express Bank GmbH, Arab Bank plc, BMI Bank B.S.C(C), Banque Misr, BayernLB, Commercial International Bank (Egypt) S.A.E, ...