Akbank increased its syndicated loan from $ 700 million to $ 800 million in its KAP statement.
Akbank increased its syndicated loan from $ 700 million to $ 800 million in the KAP statement
In a statement made through the Public Disclosure Platform (KAP), Akbank announced that it had raised the syndicated loan, which it obtained $ 700 million on October 14, to approximately $ 800 million.
The text of the KAP statement is as follows:
“In our statement registered in the interest, it was announced that the amount of the syndication loan, which was provided by our Bank on October 14, 2020, with a maturity of 367 days, amounting to approximately 700 million USD – along with the accordion feature – could increase with the additional demands that may come during the commitment. the total amount increased to approximately 800 million USD, of which 388 million USD and 348.5 million Euros.