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Garanti Bankasi signs €1.25B syndicated loan

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Garanti Bankasi signs €1.25B syndicated loan

signed a €1.25 billion syndicated loan agreement.

Theloan, which has a 367-day maturity, comprises two separate tranches of €814.6 millionand $479.3 million. The all-in cost was realized at EURIBOR plus 0.75% andLIBOR plus 0.85%, respectively.

Theloan will be used for trade finance purposes, the bank said April 29.