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CMS Advises Akbank on USD 1.2 Billion Loan

CMS Advises Akbank on USD 1.2 Billion Loan

Turkey
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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.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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