Page 36 - TURKRptJun20

Apr-20 Ziraat $1,100 77% 367 $415 Libor+2.25% €597
Euribor+2.00%
Apr-20 Vakifbank Apr-20 Akbank Apr-20 Ulker
Mar-20 Turkcell
Jan-20 Borusan EnBW Jan-20 Getir
$325 130% 3-year China ICBC
$605 86% 367 $256 Libor+2.25% €316 $455 121% 3-year $110 €244
Euribor+2.00% €75
Dec-19 En. Ministry Dec-19 Enerjisa Dec-19 TKYB Dec-19 Ceyport Dec-19 oBilet Dec-19 Turkcell Nov-19 Mersin Nov-19 Vakifbank
$200 IBRD, CTF
$100 EBRD TLREF $200 AIIB 15-year
€50 ING 5-year Euribor+1.95% $74 China EBRD
$38 Moritz Crankstart
Dec-19 Garanti
Dec-19 Garanti
Dec-19 Asyaport
Dec-19 Migros TRY31 EBRD bond
Dec-19 May Seed €10 EBRD TLREF Dec-19 TKYB €45 KfW 40-year solar
Dec-19 QNB Finansbank $457 367 $59 3-year 1-day Dec-19 ISMEP $300 AIIB
Dec-19 Denizbank $1,100 syndicated new Libor+2.25%
GGF
$150 €184
TRY-denominated
$133 6-year IFC OeEB $300 China 3-year
$24 EBRD, IFC
€18 EBRD $4 EBRD €500 China
€17 AFD $580 82%
equity
8-year grace 3-year
$240 Libor+2.25%
€309 Euribor+2.10% loan to Turkey​ to support
Private lender ​Garanti BBVA said on May 20 that
syndicated loan​ by signing for $699mn from three separate loan agreements, namely a syndicated loan and loan agreements with the European Bank for Reconstruction and Development (EBRD) and the World Bank’s International Finance Corporation (IFC).
Government-run Vakifbank has obtained a $950mn syndicated loan​ in a $312mn tranche at a cost of Libor+2.25% and a €590mn tranche at Euribor+2%, the lender said on April 29 in a stock exchange filing.
Private lender Yapi Kredi Bank on May 14 obtained a $780mn and 367-day syndicated loan while also securing a $100mn and 367-day loan from the European Bank of Reconstruction and Development (EBRD)​, the lender ​said​ on May 15 in a stock exchange filing.
The syndicated loan facility comes in two tranches, with €535mn lent at a cost of Euribor+2% and $199mn at Libor+2.25%.
The loan has an accordion feature and the total amount may increase in the period up until May 27.
In May 2019, Yapi Kredi obtained a $1bn syndicated loan.
Turk Eximbank obtained a $678mn syndicated loan​, according to a tweet from Turkish Trade Minister Ruhsar Pekcan on May 15.
367
The World Bank ​approved​ on April 27 a $100mn its efforts in fighting the COVID-19 pandemic.
36​ TURKEY Country Report​ June 2020 ​ ​www.intellinews.com
it has rolled over its
3-year 1-day €40 Euribor+2.10%