BAKU, Azerbaijan, October 23. Xalq Bank has
further expanded its presence in international financial markets by
participating in a $1.6 billion syndicated loan facility arranged
in favor of SOCAR Türkiye, a subsidiary of SOCAR.
The transaction, arranged by First Abu Dhabi Bank (FAB) and
Mizuho Bank, brought together 22 banks representing various regions
around the world. The financing is aimed at refinancing
SOCAR Türkiye’s existing credit obligations on more favorable
terms and optimizing the company’s financial structure.
Through its participation in international financing
transactions, Xalq Bank continues to strengthen its partnerships
with global financial institutions and reinforce its position in
regional financial markets.
