Esin Attorney Partnership -- the Turkish member firm of Baker & McKenzie International -- and Baker & McKenzie's Frankfurt office have advised ING on a covered term loan facility to Izmir's Metropolitan Municipality.
The Firm advised ING Bank, a branch of ING-DIBA, on a EUR 55,000,000 MIGA covered term loan facility to the Izmir Metropolitan Municipality in relation to its payment obligations for the construction of two urban tramway lines. The tramway lines will be constructed in Karsiyaka and Konak, two of Izmir's largest districts. The deal was signed on March 4, 2014.
Izmir is Turkey's third most populous city with a metropolitan population of 3.9 million. Aziz Kocaoglu is the Mayor of Izmir Metropolitan Municipality.
Frankfurt Banking & Finance Partner Oliver Socher, and Istanbul Banking & Finance Partner Muhsin Keskin advised ING in the matter, along with Frankfurt-based Senior Counsel Anouschka Zagorski, and Istanbul-based Associates Mustafa Ozkan Ozdogan and Berk Cin.
Esin Attorney Partnership says that it has advised ING Group on a total 12 matters in the past two years, including, as reported by CEE Legal Matters on March 25, 2014, advising ING Bank Turkey on a USD 134,400,000 and EUR 263,400,000 dual tranche dual-currency term loan agreement between ING Bank and a syndicate of 23 major banks from 11 countries.
