Home / Knowledge / News / Apparel/Garments / AY Marka secures €30 million loan facility
AY Marka secures €30 million loan facility
Jun '11
Standard Bank Plc, a member of Standard Bank Group, acted as mandated lead arranger for a € 30-million secured term loan facility for AY Marka Magazacilik A.S. ('AY Marka').

Standard Bank Plc was also the security agent on this three-year amortising facility secured by an assignment of credit card receivable flows from three local banks.

An oversubscription was achieved during acarefully targeted, limited general syndication. Standard Bank Plc has beenjoined by Amsterdam Trade Bank N.V., Finansbank A.S., Emirates NBD Bank PJSC and Federated Project and Trade Finance Core Fund as lenders.

AY Marka is the textile and apparel arm of Altinyildiz Mensucat ve Konfeksiyon Fabrikalari A.S. ("Altinyildiz"), a company established in 1952 and listed on the Istanbul Stock Exchange (ISE). Boyner Holding A.S., one of the largest non-food family owned retail groups in Turkey, which founded the group, holds 80% of Altinyildiz with the remaining 20% held by investors via the ISE.

AY Marka operates through a broad sales network of 352 sales points and 144 standalone stores across Turkey.

Standard Bank Plc

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search