CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
CMS Advises Akbank on USD 1.2 Billion Loan
CMS has advised Akbank T.A.S., Turkey’s 4th largest bank, on obtaining a EUR 1.2 billion loan from a group of banks.
According to CMS, "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."
CMS Partner Mark Segall led the firm's transaction team.
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