Thursday, May 3, 2012

Reuters: Financial Services and Real Estate: Turkey's Isbank hires banks to get one-year syndicated loan

Reuters: Financial Services and Real Estate
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Turkey's Isbank hires banks to get one-year syndicated loan
May 3rd 2012, 06:29

ISTANBUL | Thu May 3, 2012 2:29am EDT

ISTANBUL May 3 (Reuters) - Turkish lender Isbank said it mandated a consortium of international banks to obtain a one-year syndicated loan in euros and dollars, without naming the banks.

The lender made the statement with the Istanbul Stock Exchange.

Bankers told Reuters on April 30 that the lender will hire Standard Chartered as the coordinator bank to refinance a $1.2 billion syndicated loan in May. (Reporting by Seda Sezer; editing by Keiron Henderson)

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