September 27, 2018 / 8:33 AM / 19 days ago

Turkey's Akbank secures $980 mln, 1-year syndicated loan

ISTANBUL, Sept 27 (Reuters) - Turkey’s Akbank secured a multi-syndicated loan facility in dollars and euros from international markets equivalent to $980 million with a 367-day maturity, it said on Thursday.

The loan was $285 million in dollars and 591 million euros and had an all-in cost of libor +2.75 percent per annum and euribor +2.65 percent respectively, Akbank said in a statement to the Istanbul stock exchange.

Reporting by Ebru Tuncay; Writing by Daren Butler; Editing by David Dolan

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