Brief: Vakifbank Provides Syndicated Loan Facility Equivalent To $653 Mln In Total

Turkiye Vakiflar Bankasi TAO

23/11/2023 05:51

Nov 23 (Reuters) - Turkiye Vakiflar Bankasi TAO
 VAKBN.IS :
    * VAKIFBANK PROVIDES A DUAL CURRENCY TERM LOAN FACILITY
EQUIVALENT
TO USD 653 MILLION IN TOTAL, COMPRISED OF USD 323 MILLION AND
EUR 303 MILLION
    * VAKIFBANK SAYS 34 INTERNATIONAL BANKS FROM 19 COUNTRIES TO
PARTICIPATE SYNDICATION LOAN AGREEMENT
    * VAKIFBANK SAYS ALL-IN COST OF 367-DAYS TERM LOAN
MATERIALIZED AT
SOFR +3.50% FOR USD TRANCHE AND EURIBOR +3.25% FOR EURO TRANCHE
    * VAKIFBANK SAYS ABU DHABI COMMERCIAL BANK PJSC, EMIRATES
NBD
CAPITAL LIMITED,  COMMERCIAL BANK ACTS AS JOINT COORDINATOR
BANKS
    * VAKIFBANK SAYS EMIRATES NBD CAPITAL LIMITED, FIRST ABU
DHABI
BANK PJSC, ING BANK N.V. ACTS AS  SUSTAINABILITY COORDINATOR
BANKS, ABU DHABI COMMERCIAL BANK PJSC WAS AGENCY BANK

Source text for Eikon:  ID:nIKA3DcgJW 
Further company coverage:  VAKBN.IS 

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