---
title: "Akbank Signs 2-Tranche Sydicate Loan Agreement Of $1.2 Bn."
date: "2015-03-17 10:27:01"
author: "DHA"
tags: "İstanbul"
canonical_url: "https://www.mynet.com/akbank-signs-2-tranche-sydicate-loan-agreement-of-12-bn-180101730647"
original_url: "https://www.mynet.com/akbank-signs-2-tranche-sydicate-loan-agreement-of-12-bn-180101730647"
---
# Akbank Signs 2-Tranche Sydicate Loan Agreement Of $1.2 Bn.
\- Akbank, one of Turkey's leading deposit banks, signed an agreement with international lenders for 1.2 billion dollars equivalent syndicated loan, according its statement released on Tuesday.
"On 16 March 2015 Akbank has signed a 364-day and 367-day syndicated loan agreement comprising of two separate tranches totaling to USD 1.2 billion equivalent, 421.3 million dollars and 737.6 million euros" Akbank said in the statement issued on the Public Disclosure Platform.
"The loan will be used for trade finance purposes" the bank said, with an all-in cost of libor/eurolibor plus 0.70 percent for the 364-day tranche and libor/eurolibor plus 0.80 percent for the 367-day tranche.
