Home / News / CMS advises Akbank on obtaining USD 1.2b loan

CMS advises Akbank on obtaining USD 1.2b loan

The International Banking and Finance team of CMS has advised Akbank T.A.S., Turkiye’s 4th largest bank, on obtaining a EUR 1.2 bn loan from a group of banks.

The transaction is a rollover of the syndicated loan that the Akbank had secured last August with a 15 basis point reduction in cost. The facility was provided with the participation of 41 banks from 15 countries at a lower cost despite the volatility in the international markets.

“Turkiye has always been a key market for our International Banking & Finance team and we were pleased to advise Akbank on such a significant transaction. It once again confirms the strength of our relationships with leading Turkish financial institutions,” says partner Mark Segall, who led the transaction.