Istanbul, Turkey, 6 July 2015 – Commerzbank
Aktiengesellschaft, Filiale Luxemburg, BayernLB, BNP Paribas, CITI,
HSBC Bank plc, ING, Raiffeisen Bank International AG, Societe
Generale Corporate & Investment Banking and Standard Chartered
Bank and a wider syndicate of international banks extends multi
tranche term loan facility to the Industrial Development Bank of
Turkey (TSKB) to fund TSKB's project finance-related
transactions and its customers' trade finance transactions.
"This is the fourth consecutive TSKB syndication which the
Firm has advised a syndicate of banks led by Commerzbank
Aktiengesellschaft, Filiale Luxemburg over the last four years, and
our team's success has, once again, further cemented our
relationship with the bank in Turkey and globally," commented
Banking & Finance partner Muhsin Keskin.
The Firm advised Commerzbank Aktiengesellschaft, Filiale
Luxemburg, BayernLB, BNP Paribas, CITI, HSBC Bank plc, ING,
Raiffeisen Bank International AG, Societe Generale Corporate &
Investment Banking and Standard Chartered Bank as Mandated Lead
Arrangers in relation to a EUR213,000,000 and USD17,500,000 Multi
Tranche Term Loan Facility extended to Turkiye Sinai Kalkinma
Bankasi A.S., the Industrial Development Bank of Turkey.
The deal was signed on 2 July 2015.
A cross-border team of lawyers from Baker & McKenzie SCP
(Paris) and Esin Attorney Partnership (Istanbul), a member firm
Baker & McKenzie International, advised on the term loan
facility. The Firm's EMEA head of Banking & Finance Michael
Foundethakis (Paris) and Banking & Finance partner Muhsin
Keskin (Istanbul) led the team advising the lenders with support
from associates Nicholas Macheras (Paris) and Berk Cin
The Firm has recently advised on a number of loan syndications
in the Turkish market demonstrating its increasing market share.
The team advised Burgan Bank A.S. (Burgan Bank Turkey) on a USD 77
million and EUR 42 million syndicated multi-tranche dual-currency
term loan agreement between Burgan Bank and a syndicate of 12 banks
and advised ING Bank 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.
* * * * *
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
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