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Paksoy Advises Ziraat Bank on USD 200 Million Term Facility Agreement with China Development Bank

Paksoy Advises Ziraat Bank on USD 200 Million Term Facility Agreement with China Development Bank

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Paksoy has advised Ziraat Bank on its December 2017 entrance into a term facility agreement with China Development Bank. The lenders were reportedly advised by Norton Rose Fulbright and Pekin & Pekin.

According to Paksoy, "the facility agreement [was] signed for a loan of USD 200 million utilized in December 2017 and an additional loan of USD 400 million to be provided by China Development Bank is planned to be utilized in the first quarter of 2018."

The Paksoy team was led by Partner Sera Somay and Associate Soner Dagli.

Norton Rose Fulbright and Pekin & Pekin did not reply to our inquiries.

Editor's Note: After this article was published, Norton Rose Fulbright informed CEE Legal Matters that its team was led by Shanghai-based Partner Fei Kwok.

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