Alternatifbank secures euro/dollar syndicated loan

ISTANBUL Tue May 29, 2012 2:22am EDT

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ISTANBUL May 29 (Reuters) - Turkey's Alternatifbank said on Tuesday it had secured a one-year syndicated loan consisting of two tranches of 123.5 million euros ($155 million) and $42.5 million.

It said 20 banks, active in both domestic and foreign markets, participated in the loan which had a total cost of Libor +2.25 percent. ($1 = 0.7976 euros) (Writing by Daren Butler)

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