Page 35 - TURKRptNov19

during a day that also brought news from local media outlets that Serbia and Croatia have joined the renewed race for the new plant that also involves Bulgaria and Romania—the four countries have decided it is worth a stab at winning the investment after VW representatives, made anxious by the mounting international condemnation of Turkey for its incursion into northeast Syria, made it clear that the selection of a Turkish location for its investment—previously seen as a nailed-on certainty—was no longer seen as a done deal given worries over reputational damage that could impact the carmaker.
5.4​ External Debt
Major external financing obtained by Turkish lenders and corporates
Total
Renewal
Maturity
Tranche
Cost
Tranche
Cost
(mn)
Rate
(days)
1
1
2
2
Oct-19
TEB
$401
75%
367
$62
Libor+2.25%
€306
Euribor+2.10%
Oct-19
Yapi Kredi
$950
91%
367
$370
Libor+2.25%
€520
Euribor+2.10%
Oct-19
Trakya Cam
€200
3-year
€175
Euribor+2.65%
€25 (different maturity)
Euribor+2.95%
Oct-19
Vakifbank
$417
securitization
7-year (3-year grace)
Sep-19
Akbank
$810
83%
367
$402
Libor+2.25%
€374
Euribor+2.10%
Aug-19
ING Turkey
$305
49%
367
$96
Libor+2.50%
€190
Euribor+2.40%
Jul-19
TSKB
$177
80%
367
$68
Libor+2.00%
€98
Euribor+2.00%
May-19
Isbank
$1,000
69%
367
$324
Libor+2.50%
€645
Euribor+2.40%
May-19
Garanti
$784
63%
367
$326
Libor+2.50%
€409
Euribor+2.40%
May-19
Yapi Kredi
$1,000
77%
367
$350
Libor+2.50%
€607
Euribor+2.40%
35​ TURKEY Country Report​ November 2019 ​ ​www.intellinews.com