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Syndication

VakıfBank has two outstanding syndication loans;

  • VakıfBank signed an ESG-linked syndication loan agreement on May 10th, 2024 a Dual Currency Term Loan Facility equivalent to USD 915 million in total amounting USD 361 million and EUR 513 million with the participation of 48 international banks from 22 countries. The all-in cost of 367-days term loan is SOFR + 2.50% for USD tranche and Euribor + 2.25% for Euro tranche. While Abu Dhabi Commercial Bank and Emirates NBD Bank (P.J.S.C) acted as joint coordinator banks and First Abu Dhabi Bank, SMBC and Standard Chartered Bank acted as the sustainability coordinator banks in this transaction, Emirates NBD Bank (P.J.S.C.) was the agency bank.

  • VakıfBank has provided a Dual Currency Term Loan Facility equivalent to USD 870 million in total, comprised of USD 518,5 million and EUR 331,4 million with the participation of 45 international banks from 25 countries. The all-in cost of 367-days term loan materialized at SOFR +1,75% for USD tranche and Euribor +1,50% for Euro tranche. While Abu Dhabi Commercial Bank PJSC and Emirates NBD Capital Limited acted as joint coordinator banks and Emirated NBD Capital Limited, First Abu Dhabi Bank PJSC, Mashreqbank PSC and ING Bank N.V. acted as the sustainability coordinator banks in this transaction, Abu Dhabi Commercial Bank PJSC was the agency bank.