Turkey's Isbank signs $1.3 bln syndicated loan deal

ISTANBUL Mon May 12, 2014 2:25am EDT

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ISTANBUL May 12 (Reuters) - Turkish lender Isbank said on Monday it had signed a one-year syndicated loan in two tranches of $400 million and 672 million euros ($924 million).

Forty-one financial institutions in 15 countries took part in the syndication which will be used for foreign trade financing, with a total cost of Libor +0.90 percent and Euribor +0.90 percent. ($1 = 0.7269 Euros) (Writing by Daren Butler)