IFLR1000

ING Bank $244.5 million and €312 million dual-tranche, dual-currency term loan facilities

1/5/2015
Financing
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$ 575.613 million

Completed

1/5/2015

Overview:

  • ING Bank has secured a dual-tranche, dual-currency term loan facilities agreement from a syndicate of international banks.
  • The matter was structured as a $244,496,076 tranche and €311,996,072 tranche.
  • Bank of America Merrill Lynch International, Barclays Bank, Citibank, First Gulf Bank, HSBC Bank, the Industrial and Commercial Bank of China, JPMorgan, Mizuho Bank, National Bank of Abu Dhabi, Standard Chartered Bank and Wells Fargo Bank acted as mandated lead arrangers.
  • The Bank of Tokyo-Mitsubishi Turkey acted as lead arranger, Akbank as arranger and Morgan Stanley Bank International as manager
  • The other lenders on the deal were: ABC International Bank, Bank of Montreal, Emirates NBD Bank, Bank of Ireland, National Bank of Canada, Türkiye Halk Bankası, Türkiye İş Bankası, Türkiye Vakıflar Bankası, UBI Banca International and Yapi Kredi Nederland.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Financing

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Banking

Firms:
Dentons

Party: Bank of America Merrill Lynch (Mandated lead arranger)

Party: Barclays Bank (Mandated lead arranger)

Party: Citibank (Mandated lead arranger)

Party: First Gulf Bank (Mandated lead arranger)

Party: HSBC (Mandated lead arranger)

Party: Industrial and Commercial Bank of China Ltd (Mandated lead arranger)

Party: JP Morgan (Mandated lead arranger)

Party: Mizuho Bank (Mandated lead arranger)

Party: National Bank of Abu Dhabi (Mandated lead arranger)

Party: Standard Chartered Bank (Mandated lead arranger)

Party: Wells Fargo Bank (Mandated lead arranger)

Party: The Bank of Tokyo Mitsubishi (Lead manager)

Party: Akbank (Arranger)

Party: ABC International (Lender)

Party: Bank of Montréal (Lender)

Party: Emirates NBD (Lender)

Party: National Bank of Canada (Lender)

Party: Türkiye Halk Bankası (Lender)

Party: Türkiye İş Bankası (Lender)

Party: Türkiye Vakıflar Bankası (Lender)

Party: UBI Banca (Lender)

Party: Yapı ve Kredi Bankası (Lender)

Party: Morgan Stanley Bank International (Manager)

Party: Bank of Ireland (Lender)

Lawyers: Barlas Balcıoğlu, Günhan Yalçın

Esin Attorney Partnership, a member firm of Baker McKenzie International, a Swiss Verein - Turkey

Party: ING Bank (Borrower)

Lawyer: Muhsin Keskin

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