Brief: Vakifbank Issues A New Dpr Securitization Transaction With Two Different Tranches Amounting $1.8 Mln Equivalent In Total

Turkiye Vakiflar Bankasi TAO

20/02/2023 06:03

Feb 20 (Reuters) - Turkiye Vakiflar Bankasi TAO
 VAKBN.IS :
    * VAKIFBANK ISSUES A NEW DPR SECURITIZATION TRANSACTION WITH
TWO
DIFFERENT TRANCHES AMOUNTING USD 1.8 MILLION EQUIVALENT IN TOTAL
    * VAKIFBANK SAYS DOLLAR TRANCHE OF AFORMENTIONED TRANSACTION
AMOUNTING USD 1.7 BILLION WITH THE PARTICIPATION OF 5 BANKS
WHICH IS BASED ON TREASURY TRANSACTIONS AND FUTURE FLOWS HAS A
FINAL MATURITY OF 5 YEARS WITH A 2 YEARS GRACE PERIOD
    * VAKIFBANK SAYS EURO TRANCHE AMOUNTING EUR 75 MILLION WITH
THE
PARTICIPATION OF 2 BANKS WHICH IS BASED ON FUTURE FLOWS ONLY HAS
A FINAL MATURITY OF 4 YEARS WITH A 2 YEARS GRACE PERIOD

Source text for Eikon:  ID:nIKA15cktR 
Further company coverage:  VAKBN.IS 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))