Istanbul, Turkey, 12 June 2015 – A team of lawyers from
Esin Attorney Partnership, a member firm of Baker & McKenzie
International, a Swiss Verein, advised ING Group's Turkish
subsidiary on a syndicated loan obtained for trade finance
The Firm advised ING Bank A.S. (ING Bank Turkey) on a
$244,496,076 and €311,996,072 multi tranche dual-currency term
loan agreement between ING Bank A.S. and a syndicate of 26 major
banks from 11 countries. Bank of America Merrill Lynch
International Limited, Barclays Bank PLC, Citibank N.A. London
Branch, First Gulf Bank PJSC, HSBC Bank Plc, Industrial and
Commercial Bank of China Ltd., Mizuho Bank Ltd., National Bank of
Abu Dhabi PJSC, Standard Chartered Bank, J.P. Morgan Limited and
Wells Fargo Bank N.A. London Branch were involved as mandated lead
arrangers. A further 15 banks committed to the deal at various
levels. The deal was signed and closed on May 20.
A team of lawyers from Esin Attorney Partnership, the Turkish
member firm of Baker & McKenzie advised on the loan agreement.
Banking & Finance partner Muhsin Keskin led the team advising
ING Bank Turkey with associate Mustafa Ozkan Ozdogan providing
"In 2014, we advised on the refinancing of ING Bank's
inaugural loan syndication, and we were very pleased to work with
them again. This is the 14th transaction the Istanbul office has
advised ING Group on in the last three years, and our team's
success has, once again, further cemented our relationship with ING
Group in Turkey and globally," commented Muhsin Keskin.
About Esin Attorney Partnership
Esin Attorney Partnership has long been a leading provider of
legal services in the Turkish market. Today, as a member firm of
Baker & McKenzie, our team of nine partners and more than 60
lawyers is an integral part of a seamless global network. Our
Banking & Finance team is experienced in advising on
acquisition finance, trade and export finance, project finance,
syndicated lending, securitization, restructuring and insolvency,
and other banking and finance matters. The team was recently ranked
in Tier 2 of IFLR 1000's Banking & Finance Turkey
publication after positive feedback from clients.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the
world's most dynamic and successful business organizations
through more than 11,000 people in 77 offices in 47 countries. The
Firm is known for its global perspective, deep understanding of the
local language and culture of business, uncompromising commitment
to excellence, and world-class fluency in its client service.
Global revenues for the fiscal year ended 30 June 2014, were
US$2.54 billion. Eduardo Leite is Chairman of the Executive
About ING Group
ING Group is a global financial institution active in banking,
investments, life insurance and retirement services. It has more
than 75,000 employees serving over 48 million private, corporate
and institutional customers in 40 countries across Europe, North
America, Latin America, Asia and Australia. ING Group, regards
sustainability as a key principle of its business model, investing
in programs on children's education, financial education and
environmental protection in its communities. The main strategy of
ING Bank Turkey is to do banking in parallel with Turkey's
sustainable economic growth through its approximately 330 branches.
Under this strategy, ING Bank mainly focuses on increasing savings
and contributing to value–added exports.
Esin Attorney Partnership is a member of Baker & McKenzie
International, a Swiss Verein with member law firms around the
world. In accordance with the common terminology used in
professional service organizations, reference to a
"partner" means a person who is a partner, or equivalent,
in such a law firm. Similarly, reference to an "office"
means an office of any such law firm.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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