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  • 22-05-21

    Turkey’s third-largest private lender signs USD962M syndicated loan deal

    (MENAFN)Yapi Kredi, Turkey’s third-largest private lender, signs a USD962 million syndicated loan deal for the first six months of the year with the contribution of 42 banks from 20 countries.

    The first sustainability-linked syndication loan facility is secured via two different tranches: USD351 million and €501 million, at 367 days maturity, with an overturn ratio of 103 percent.

    It further stated that the profits of the transaction is going to be applied for trade financing purposes.

    Gokhan Erun, Yapi Kredi’s CEO declared that "We are very proud to sign our first syndication transaction based on sustainability criteria. These resources we provide will be directed to foreign trade finance."

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