March 29, 2019 / 1:42 PM / in 21 days

Turkey's Ziraat bank secures $1.43 bln loan - statement

ISTANBUL, March 29 (Reuters) - Turkey’s Ziraat Bank secured a syndication loan worth a total of $1.43 billion in two tranches, the bank said in a statement on Friday.

The cost of the $470 million tranche of the loan was realised as Libor + 250 basis points, while a 849 million euro tranche was priced with Euribor + 240 basis points, the bank said. (Reporting by Ebru Tuncay Writing by Ezgi Erkoyun Editing by Sarah Dadouch)

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