Baker McKenzie Advised A Syndicate Of Lenders On EUR 193 Million Dual Currency Term Loan Facilities For Asakabank

Baker McKenzie advised a syndicate of lenders on EUR 193 million dual currency term loan facilities for Asakabank

The global law firm, Baker McKenzie advised a syndicate of lenders on the provision of dual currency (EUR and CNH) term loan facilities equivalent to EUR 193.44 million to Asakabank, with Kosta Legal acting as local counsel in Uzbekistan. The transaction was successfully completed on 9 December 2025.

Standard Chartered and First Abu Dhabi Bank PJSC acted as coordinators, initial mandated lead arrangers, and bookrunners for the transaction. The lending syndicate comprised a mix of European and Middle Eastern commercial banks and funds.

The financing is intended to enhance Asakabank’s liquidity and financial flexibility, supporting its growth objectives and strengthening its capacity to serve clients in a rapidly evolving market. The transaction highlights continued lender confidence in the regional banking sector and the growing importance of cross-border financing structures.

The Baker McKenzie team advising on the transaction was led by Adil Hussain (Partner), Global Head of Islamic Finance and Head of Banking & Finance – Middle East, along with Chaya Gupta (Senior Associate), with support from Avni Priyadarshi (Associate).

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