Just in:  

You are here: Home»Business»Banking & Finance»Turkey's Tupras signs $200mn loan with Gulf banks

Turkey's Tupras signs $200mn loan with Gulf banks

turkey-flagDUBAI: Tupras, Turkey's sole oil refiner, signed a $200 million one-year loan with a group of nine Gulf-based banks, a statement from the facility's arranger said on Sunday.


The loan was arranged by Qatar-based investment bank QInvest, the statement said. No details on the facility's purpose or its pricing were given.


Banks which joined the loan were Barwa Bank, Commercial Bank of Qatar, First Gulf Bank, Qatar Islamic Bank, Ahli United Bank, Al Hilal Bank, Doha Bank and Dubai Islamic Bank.


Last week, Tupras mandated Citigroup Inc and Deutsche Bank to arrange a series of investor meetings ahead of a potential bond issue, which the firm's general manager said would be worth between $500 million and $1 billion.  


Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln