Brief: Vakifbank Says It Provided A Dual Currency Term Loan Facility Equivalent To $915 Mln In Total, Comprised Of $361 Mln And EUR 513 Mln With The Participation Of 48 International Banks From 22 Countries

Turkiye Vakiflar Bankasi TAO

13/05/2024 06:49

May 13 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO
 VAKBN.IS :
    * VAKIFBANK SAYS IT PROVIDED A DUAL CURRENCY TERM LOAN
FACILITY
EQUIVALENT TO $915 MILLION IN TOTAL, COMPRISED OF $361 MILLION
AND EUR 513 MILLION WITH THE PARTICIPATION OF 48 INTERNATIONAL
BANKS FROM 22 COUNTRIES
    * VAKIFBANK SAYS THE ALL-IN COST OF 367-DAYS TERM LOAN
MATERIALIZED AT SOFR +2.50% FOR USD TRANCHE AND EURIBOR +2.25%
FOR EURO TRANCHE
    * VAKIFBANK SAYS ABU DHABI COMMERCIAL BANK PJSC AND EMIRATES
NBD
CAPITAL LIMITED ACTED AS JOINT COORDINATOR BANKS AND FIRST ABU
DHABI BANK PJSC, STANDARD CHARTERED BANK AND SUMITOMO MITSUI
BANKING CORPORATION, LONDON BRANCH ACTED AS THE SUSTAINABILITY
COORDINATOR BANKS IN THIS TRANSACTION, EMIRATES NBD BANK
(P.J.S.C.) WAS THE AGENCY BANK

Source text for Eikon:  ID:nIKA27cKdk 
Further company coverage:  VAKBN.IS 
    

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))