TSKB Signed USD 190 Million Syndicated Loan
TSKB signed a syndicated loan agreement amounting to USD 190 million with the participation of 14 banks from 11 different countries.
On July 17, TSKB (Industrial Development Bank of Türkiye) successfully signed a USD 190 million loan agreement with the participation of 14 banks from 11 countries, including 6 new participants and with an above the sector average roll-over ratio of 155%. The regional distribution of the participants is: 40 percent Europe, 40 percent the Middle East, 11 percent the USA and 9 percent Asia. The syndicated loan, comprising two tranches of USD 49 million and EUR 130 million, has a maturity period of 367 days.
Coordinated by Commerzbank AG, participants of the syndicated loan include prestigious banks such as Abu Dhabi Commercial Bank P.J.S.C., Doha Bank Q.P.S.C, ABC International Bank PLC, BNP Paribas, Citibank N.A., Commerzbank AG, Emirates NBD Bank (P.J.S.C.), ING Bank N.V., Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Ziraat Bank Azerbaijan, Morgan Stanley, Erste Group Bank AG and Raiffeisen Bank International AG.
Commenting on the syndicated loan, TSKB CEO Murat Bilgiç said, "As Türkiye's first development and investment bank, we have been working for the qualified and inclusive development of our country for 74 years. We continue to support the achievement of Türkiye's green transformation goals with the resources we secure from international development finance institutions and global financial institutions. We are therefore happy to successfully complete the renewal process of our syndicated loan, which we secure each year. We closed our USD 190 million syndicated loan with a roll-over ratio above the sector average. I would like to thank the institutions that participate in the syndicated loan for their confidence in our country and our Bank. I sincerely believe that our cooperation will continue to grow further. As we approach the 75th anniversary of our Bank, we will continue to support the economic, environmental and social development of our country.”
