Sekerbank Gets $25 Million, 55 Million Euros Syndicated Loan

Sekerbank TAS, a Turkish bank, got a $25 million and 55 million euros one-year syndicated loan, with an option to extend for another year.

The annual interest rate on the loan is 70 basis points over international benchmarks, Sekerbank said in a statement to the Istanbul Stock Exchange today. Bank of Montreal, Commerzbank AG, Intesa Sanpaolo SpA and Wells Fargo Bank arranged the loan which replaced a more expensive syndication facility Sekerbank got last year, according to the statement.