VakıfBank has two outstanding syndication loans;
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VakıfBank has provided a Dual Currency Term Loan Facility equivalent to USD 653 million in total, comprised of USD 323 million and EUR 303 million with the participation of 34 international banks from 19 countries. The all-in cost of 367-days term loan materialized at SOFR+3.50% for USD tranche and Euribor+3.25% for Euro tranche. While Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited, The Commercial Bank (P.S.Q.C.) acted as joint coordinator banks and Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, ING Bank N.V. acted as the sustainability coordinator banks in this transaction, Abu Dhabi Commercial Bank PJSC was the agency bank.
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VakıfBank signed an ESG-linked syndication loan agreement on May 9th, 2023 a Dual Currency Term Loan Facility equivalent to USD 825 million in total amounting USD 189.5 million and EUR 575.5 million with the participation of 36 international banks from 20 countries. The all-in cost of 367-days term loan is SOFR + 4.25% for USD tranche and Euribor + 4% for Euro tranche. While Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited and Mashreqbank PSC acted as joint coordinator banks and Mashreqbank PSC, 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.