Turkey's Vakifbank secures $995 mln syndicated loan

ISTANBUL, April 17 Thu Apr 17, 2014 4:26am EDT

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ISTANBUL, April 17 (Reuters) - Turkey's Vakifbank secured a one-year syndicated loan in two tranches of $270.5 million and 525 million euros ($724.84 million) from international markets, the bank said on Thursday.

The loan would have a total cost of LIBOR +0.90 percent and EURIBOR +0.90 percent respectively, the lender said in a statement with the Istanbul stock exchange. ($1 = 0.7243 Euros) (Reporting by Seda Sezer, editing by Dasha Afanasieva)