Akbank provided a record syndication loan from international markets.

Akbank's Major Syndication Move

One of Turkey's leading banks, Akbank, announced that it has secured a total of 152.25 million dollars and 132 million euros in 367-day syndicated loans from international markets.

Long-Term Syndicated Loans

In addition to this achievement, the bank has also arranged a 2-year and 2-business day syndicated loan worth 272 million dollars and 15 million euros, as well as a new loan of 54.25 million dollars with a 3-year and 2-business day term.

Cost Details

The total cost of the 367-day loan is: Sofr + 1.50% (dollars) and Euribor + 1.25% (euros). The costs for the 2-year and 2-business day loan are: Sofr + 1.90% (dollars) and Euribor + 1.65% (euros). Additionally, the costs for the 3-year and 2-business day loan are: Sofr + 2.15% and Euribor + 1.90%.