Loans

7/10/2020

Syndicated Loans of $ 150 Million Provided by 12 Banks for the Industrial Development Bank of Turkey (TSKB)

The annual interest rate of the credit with a maturity of 367 days is Euribor / Libor + %1.75 with a rollover rate of 85%...

It is disclosed that the Industrial Development Bank of Turkey (TSKB) has secured a syndicated loan of $ 150 million from 12 banks.

It is stated in a disclosure made by TSKB that the loan agreement was signed on July 9, 2020. It is stated that Commerzbank AG was the coordinator bank for the syndicated loan provided with the participation of 12 banks from 12 different countries in Europe, America, Asia and the Middle East and the annual interest rate of the credit with a maturity of 367 days has been determined as Euribor / Libor + %1.75 with a rollover rate of 85%.

Banks that participated in the syndicated loan are as follows: ABC International Bank plc, BNP Paribas, China Development Bank, Citibank, N.A., ING Bank A.Ş., ING Bank NV, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Banka Kombetare Tregtare Sh.a., Intesa Sanpaolo S.p.A. ve Raiffeisen Bank International AG.

Executive Vice President at TSKB Ece Börü

Executive Vice President at TSKB Ece Börü commenting on the syndicated loan made the following statement: “We feel the happiness of having realized the syndicated loan process this year as well, as has been the case in past years. Our efforts will be continued in an increasing manner in line with our mission as a development bank since 70 years and in line with sustainable and comprehensive development objectives with our balance sheet structure diversified with innovative borrowing transactions.”