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Paksoy Advises Turkiye Sinai Kalkinma Bankasi on USD 177 Million Syndicated Loan Agreement

Paksoy Advises Turkiye Sinai Kalkinma Bankasi on USD 177 Million Syndicated Loan Agreement

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Paksoy has advised Turkiye Sinai Kalkinma Bankasi on a USD 177 million syndicated loan from a syndicate of twelve banks from various countries.

Turkiye Sinai Kalkinma Bankasi, which was established in 1950 with the support of the World Bank and the Central Bank of Turkey and the shareholding of private commercial banks, is headquartered in Istanbul. TSKB is Turkey’s first privately-owned development and investment bank. 

The Paksoy finance team was led by Partner Sera Somay, supported by Associate Beril Paksoy. 

Paksoy did not reply to our inquiries about the deal.

Editor's Note: After this article was published the Esin Attorney Partnership informed CEE Legal Matters that the firm — working along with colleagues at Baker McKenzie in Paris — had advised the syndicate of banks on the loan, and that the banks included the Arab Banking Corporation; the London branch of Citibank N.A.; the Luxembourg Filial of Commerzbank Aktiengesellschaft; the Dubai branch of the Doha Bank, Q.P.S.C; ING Bank N.V.; ING Bank A.S.; Standard Chartered Bank; the London branch of the Sumitomo Mitsui Banking Corporation; the London branch of Intesa Sanpaolo S.p.A; Raiffeisen Bank International A.G.; the Jersey branch of Citibank N.A.; Banka Kombetare Tregtare Sh.a.; and BNP Paribas.

 

The Esin Attorney Partnership team in Istanbul was led by Partner Muhsin Keskin, working with Associates Erdi Yildirim and Yarkin Sanli, while Baker McKenzie's team was led by Partner Michael Foundethakis, working with Senior Associate Thomas Lefebvre.

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