933 million dollar syndicated loan from Yapı Kredi

Yapı Kredi signed a syndicated loan agreement worth approximately 933 million dollars from international markets in the second half of the year.

According to the statement made by the bank, the syndicated loan transaction, which was carried out with the participation of 40 financial institutions from 18 countries, consisted of four separate tranches with maturities of 367 and 734 days.

The transaction was jointly coordinated by Abu Dhabi Commercial Bank, Bank of America, Emirates NBD and Standard Chartered, while Emirates NBD also acted as intermediary.

The syndicated loan, amounting to approximately 933 million dollars, was provided in four tranches: 349 million dollars and 356.5 million euros with a 367-day maturity and 97 million dollars and 77 million euros with a 734-day maturity.

The cost of the loan was determined as "SOFR+1.25 percent" for the dollar tranche with a maturity of 367 days and "Euribor+1.00 percent" for the euro tranche.

For tranches with a maturity of 734 days, the cost was "SOFR+1.75 percent" in dollars and "Euribor+1.45 percent" in euros.

"An indicator of confidence in the Turkish economy"

Yapı Kredi Chief Executive (CEO) Gökhan Erün, whose evaluations were included in the statement, stated that the financing provided from international markets demonstrates the confidence in both the financial structure of the bank and the Turkish economy.

Stating that they continue to provide resources from international markets in line with the goal of contributing to Türkiye's economic development, Erün emphasized that they continue their efforts to meet the financing needs of their customers with determination.

Erün stated that they maintain their strong relations with international financial institutions and made the following statements:

"Our syndicated loan transaction of approximately 933 million dollars, which we successfully completed in the second half of the year, is a reflection of the long-term and strong relations we have established with international financial institutions. The basis of the strong interest shown by international financial institutions is our solid balance sheet structure, effective risk management and sustainable growth approach. In the future, we will continue to increase our resource diversity, support our real sector and create long-term value for our country's economy by maintaining our strong position in international markets."