364-day and 367-day syndicated loan agreement comprised of a US Dollar tranche of US$ 513 million and a Euro tranche of € 835 million
US$ 513 million and € 835 million
Multi-Tranche Dual Currency Club Term Loan Facility
On 30 April 2015, Yapı Kredi successfully signed a 364-day and 367-day syndicated loan agreement comprised of a US Dollar tranche of US$ 513 million and a Euro tranche of € 835 million. This syndication is the successful refinancing of Yapı Kredi’s existing syndication loan signed in April 2014 with a roll-over ratio of above 114%.
The Club Term Loan Facility has been raised by a syndicate including 48 of Yapı Kredi’s key relationship banks from 15 countries. The all-in cost was realised at Libor/Euribor+0.70% per annum for the 364-day tranche and Libor/Euribor+0.80% per annum for the 367-day tranche. The Loan is intended to be used for trade finance purposes.
Wells Fargo Bank acted as Coordinating Bank and Mizuho Bank Ltd as the Agent.
Istanbul, 4 May 2015
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7323