US $225,000,000 Syndicated Loan Facility
The Bank of Tokyo-Mitsubishi, Ltd., Barclays Capital, the investment banking division of Barclays Bank PLC, Commerzbank Aktiengesellschaft, The Dai-Ichi Kangyo Bank, Limited, First Union National Bank, Natexis Banques Populaires, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (the "Joint Arrangers", each a "Joint Arranger") are pleased to announce that syndication for the US$150,000,000 one year Syndicated Term Loan Facility (the "Facility") for Yapi ve Kredi Bankasi A.S. (the "Borrower" or "Yapi") has successfully closed oversubscribed and was signed in London today. As a result of the oversubscription the Borrower has elected to increase the Facility amount to US$225,000,000.
The Facility will partially replace the US$300,000,000 term loan facility dated 29th September 2000.
The following banks joined the Facility (in alphanumeric order):
Senior Co-Arranger
Royal Bank of Scotland plc
Co-Arrangers
American Express Bank GmbH
Bankgesellschaft Berlin Group
Citibank N.A.
Lead Managers
Crédit Lyonnais
Banque de Commerce et de Placements S.A.
Arab Banking Corporation (B.S.C.)
Baden-Württembergische Bank Aktiengesellschaft
British Arab Commercial Bank
Israel Discount Bank of New York
Raiffeisen Zentralbank Österreich Aktiengesellschaft
Union Bank of Norway
Managers
Banca Nazionale del Lavoro S.p.A.
National Bank of Abu Dhabi
Participants
Indover Bank, Amsterdam
Banca Agricola Mantovana SpA
Bank Hapoalim B.M.
CoBank, ACB
Commercial Bank of Greece S.A.
Nova Ljubljanska banka d.d., Ljubljana
Summary details of the Facility
Borrower Yapi ve Kredi Bankasi A.S.
Amount US$225,000,000
Facility Type Syndicated Term Loan Facility
Purpose Pre-export finance
Term 364 days
Repayment Bullet at maturity
Margin 80 b.p.p.a.
Yapı Kredi / 28 Dec 2001