US$ 870 million International Financing Dual Currency Term Loan Facility and Bilateral Loan Agreement
On 14 May 2020, Yapı Kredi announced that the Bank successfully signed a syndicated loan agreement including an accordion feature. With this feature, Yapı Kredi increased the loan amount by US$ 85 million totalling the syndication size to c. US$ 870 million. On top, the Bank signed a bilateral loan agreement with European Bank of Reconstruction and Development (EBRD) worth of US$ 100 million with 367 days maturity.
Including the latest increase, the syndication secured through two different tranches; US$ 283.5 million and Euro 534.6 million. The total cost of the deal for USD and EUR is Libor+2.25% and Euribor+2.00% respectively.
Number of participants, Yapı Kredi’s key relationship partners, are from 18 countries and 38 financial institutions. This is the highest number of participants achieved by a Turkish bank in 2020, so far.
On the other hand, the funding supplied from EBRD is going to be used for the financing of SMEs for their short-term liquidity requirements.
Istanbul, 27 May 2020
Enquiries:
Yapı Kredi Investor Relations
Email: yapikredi_investorrelations@yapikredi.com.tr