US$1,250 Million Dual Tranche Multi-Currency Club Term Loan Facility
On 29 September 2010, Yapı Kredi successfully signed a 1 year Dual Tranche Multi-Currency Club Term-Loan Facility amounting to US$1,250 million, comprising a US Dollar tranche of US$342,5 million and a Euro tranche of €670 million. The facility was raised by a syndicate of 48 of Yapı Kredi’s key relationship banks representing 22 countries. The all-in cost is Libor/Euribor plus 1.3% per annum. The club loan facility is a replacement of US$985 million of syndication loan that was signed in September 2009. The proceeds of the loan will be used by the Bank to pre-finance customer exports and export contracts.
With this new club loan facility, Yapı Kredi has achieved 125% oversubscription at favorable pricing. The success of the transaction is a testament to Yapı Kredi’s continued strong performance and solid banking relationships as well as the Bank’s leading role in the Turkish banking sector.
UniCredit Bank Austria A.G. acted as Coordinating Bank, Documentation Agent and Facility Agent for the Facility.
Istanbul, 30 September 2010
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 30 Sep 2010