AKBANK will be the next Turkish bank to tap the international syndicated loan market when it hopes. to refinance its $250m one year trade financing signed in November 1997. That facility was arranged by Bank of Tokyo-Mitsubishi, Paribas, Barclays, Bayerische Vereinsbank, Dai-Ichi Kangyo, Deutsche, Dresdner Bank Luxembourg, ING Barings, Royal Bank of Canada and SG. The Turkish loan market has undoubtedly been one of the most successful of 1998.
September 25, 1998