[Sustainability Linked] US$ 962 million International Financing Sustainability Linked Dual Currency Term Loan Facility
On 21 May 2021, Yapı Kredi successfully signed a syndicated loan agreement totalling US$ 962 million at 367 days maturity, with a roll-over ratio of 103%.
The Bank’s first sustainability linked syndicated loan facility is secured through two different tranches; US$ 351 million and Euro 501 million. The total cost of the deal for USD and EUR is Libor+2.50% and Euribor+2.25% respectively. The proceeds of the transaction are going to be used for trade financing purposes.
The sustainability performance criteria, which are determined in accordance with the goal of creating long-term sustainable value for all stakeholders of Yapı Kredi, include improvements to the Bank's electricity supply from renewable energy sources and to ESG Risk Management Score of the Bank. If the sustainability criteria are met during the specified test periods, there will be an improvement in the costs of the syndicated loan.
The facility includes Yapı Kredi’s key relationship partners from 20 countries and 42 financial institutions.
Istanbul, 21 May 2021
Enquiries:
Yapı Kredi Investor Relations
Email: yapikredi_investorrelations@yapikredi.com.tr
Contacts: https://www.yapikrediinvestorrelations.com/en/contact/detail/CONTACT/230/236/0