Page 35 - TURKRptAug20

May-19 Foriba - - Sovos May-19 Ictas Surdurulebilir - $100mn EBRD
5.3​ External Debt
Major external financing obtained by Turkish borrowers
Total Renewal Maturity Tranche Cost
Revo Capital
IC Energy Holding
Jul-20 Aklease €40 Jul-20 Isbank €25 Jul-20 Ford Otosan $150 Jul-20 TSKB $150
EBRD
French 10-year
€20 $200 $300 €315 €380 $53 $75 $100 €60 €316 $100 €25 $800 $699 $10,000 $100 $870 May-20 Eximbank $85
Green Growth Fund China AIIB China AIIB
Jul-20 Yapi Kredi Leasing Jul-20 TSKB
Jul-20 TKYB
Jun-20 Turkish Railways Jun-20 Eximbank Jun-20 DeFacto
Jun-20 Akbank
World Bank syndicated syndicated
EBRD EBRD EBRD
10-year 5-year grace
10-year Euribor+2.83% World Bank
6-year Libor+2.85% 6-year grace
Jun-20 Turk Telekom Jun-20 Anadolu Etap Jun-20 TKYB
World Bank 25-year G. Sachs 8-year
May-20 Aydem May-20 Yayla May-20 Isbank May-20 Garanti May-20 Central bank May-20 Yapi Kredi May-20 Yapi Kredi
EBRD 78% 89% Qatar
367 $208 Libor+2.25% €539
367 EBRD Libor+2.25% IFC swap Qatari riyal
Euribor+2.00% Euribor+2.00%
Euribor+2.00% Euribor+2.25%
May-20 Eximbank May-20 QNB Finansbank May-20 QNB Finansbank May-20 QNB Finansbank May-20 Izmir Municipality May-20 Enerjisa Enerji May-20 Eximbank May-20 Ulker
May-20 Denizbank May-20 Netlog
$723
$255
$100
€25
367 $284 Libor+2.25% €535
367 Libor+2.50%
367 $45 €193 EBRD 2-year
€25 $125 $100 €75 $175 €25 $950 $100 Apr-20 Ziraat $1,100 Apr-20 Vakifbank $325 Apr-20 Akbank $605 Apr-20 Ulker $455
EBRD IsDB EBRD EBRD EBRD 86% World Bank 77% 130% 86% 121%
7-year Proparco
TRY TLREF
Apr-20 Vakifbank Apr-20 Health Ministry
367 $312 10.5-year
367 $415 3-year China 367 $256 3-year $110
Libor+2.25% 5-year grace Libor+2.25%
ICBC Libor+2.25%
€590 Euribor+2.00%
€597 Euribor+2.00% €316 Euribor+2.00%
35​ TURKEY Country Report​ August 2020
​ ​www.intellinews.com
Tranche Cost (mn) Rate (days) 1 1 2 2
IFC 85%
6-year 2.15%
367 $35 Libor +1.75% €103
2-year grace Euribor+1.75%
EBRD 367
87%
France
Societe Generale
134% 128%
€244
€75