Thursday 13, April 2017 by Georgina Enzer

T.C. Ziraat Bankasi A.S. signs $278m & EUR 706.5m 367-Day Dual Currency Term Loan Facilities

One of Turkey’s leading banks, Ziraat, has successfully concluded of its $278 million & EUR 706.5 million Dual Currency Term Loan Facilities signed on 3 April 2017.

The transaction comprises of two 367-day facilities, denominated in US dollars and Euros, carrying an interest margin of 1.15  per cent p.a. and 1.05  per cent p.a. respectively.

The facilities attracted commitments from 41 banks, including Ziraat’s core relationship banks, and is a testament to Ziraat’s intrinsic financial strength, continued strong performance as well as its solid banking relationships. Ziraat Bank will be using this funding in its ongoing efforts to effectively support its customers through the increasingly broader and more diversified range of foreign trade finance products and services that it offers.

Bank of America Merrill Lynch and Emirates NBD Capital Limited acted as Joint Coordinators, with Bank of America Merrill Lynch as Documentation Agent and Emirates NBD Capital Limited as Publicity Agent. Mizuho Bank acted as Facility Agent for the facility, which refinances Ziraat’s previous syndicated loan facility signed on 31st March 2016.

Participating banks included 12 Bookrunning Mandated Lead Arrangers, two Lead Arrangers, three Arrangers and 24 Participants.

Bookrunners and Mandated Lead Arrangers:

Bank of America Merrill Lynch, Cargill Financial Services International, Inc. Citi, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Emirates NBD Bank PJSC, Erste Group Bank AG, HSBC Bank plc

ING, J.P. Morgan Limited, Mizuho Bank, Ltd., Société Générale Corporate & Investment Banking, Standard Chartered Bank.

Lead Arrangers:

The Bank of New York Mellon, UniCredit Bank AG.


Doha Bank, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Goldman Sachs International.


Anadolubank Nederland N.V., Axis Bank Ltd, DIFC Branch, Arab Banking Corporation (BSC), Banca popolare dell’Emilia Romagna (Europe) International S.A. (BPER Group), Banco de Sabadell, S.A., Banco Popular Español S.A., Bank al Habib, Bank Audi S.A.L., Bank of Montreal, Banka Kombëtare Tregtare Sh.a., BNP Paribas, Caixabank, S.A, CoBank, ACB, Deutsche Bank AG, London Branch, Habib Bank Limited, Intesa Sanpaolo S.p.A., London Branch, KBC Bank NV, KfW IPEX-Bank GmbH, Mashreqbank, National Bank of Canada, Raiffeisen Bank International, The Governor and Company of the Bank of Ireland, UBI Banca SPA, Zürcher Kantonalbank.

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