All
 

 

Just in:  

You are here: Home»Business»Banking & Finance»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 16,374.76 0.14
Arrow Nasdaq 4,733.50 0.35
Arrow S&P 1,951.13 0.12
Arrow FTSE 6,194.10 1.82
Arrow DAX 10,317.84 2.68
Arrow CAC-40 4,653.79 2.17
Arrow Nikkei 18,182.39 0.48
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,764.78 1.22





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln