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Akbank received a syndicated loan of USD 1.4bn, consisting of EUR790mn and USD348mn tranches with a duration of one and two years, respectively.
The cost of borrowing for the one-year syndicated loan was Libor+100bp for the USD portion and Euribor+100bp for the EUR portion, while the two-year duration loan's cost of borrowing was Libor+125bp for the USD portion and Euribor+125bp for the EUR portion.
Source: bne
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