Dual Tranche Multi-Currency Term Loan Facility
Yapı Kredi successfully signed a new 1 year Dual Tranche Multi-Currency Term-Loan Facility amounting to approximately US$410 million on 21 April 2009 in Istanbul. The club loan facility, raised by a syndicate of 20 of Yapı Kredi’s key relationship banks, is comprised of a US Dollar tranche of US$136 million and a Euro tranche of €210.5 million. The proceeds of the loan will be used by the Bank to pre-finance customer exports and export contracts. The all-in cost is LIBOR plus 2.5% per annum.
The success of the transaction, in which the Bank had targeted an initial amount of US$350 million but was successful in attracting commitments totaling the equivalent of approximately US$410 million, is a testament to Yapı Kredi’s continued strong performance as well as its solid banking relationships.
Wachovia Bank, N.A. acted as Coordinating Bank, Documentation Agent and Facility Agent for the Facility.
The Mandated Lead Arrangers include The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ Ltd., Calyon, Commerzbank Aktiengesellschaft, HSH Nordbank AG Luxembourg Branch, Standard Chartered Bank, UniCredit Bank Austria AG and Wachovia Bank, National Association.
Other banks to join were Bank of Montreal, Arab Bank plc, CoBank, ACB, Habib Bank AG Zurich, Deutsche Bank AG London Branch, Citi, Bayerische Landesbank (“BayernLB”), Goldman Sachs, JPMorgan Chase Bank N.A., Sumitomo Mitsui Banking Corporation Europe Limited, Landesbank Baden-Württemberg London Branch and AKA Ausfuhrkredit-Gesellschaft mbH.
İstanbul, 22 April 2009
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 22 Apr 2009