Yapı Kredi successfully signed a 1 year Dual Tranche Multi-Currency Term-Loan Facility amounting to USD 1,000 million on 10 September 2008 in Istanbul. This syndicated loan will replace Yapı Kredi’s USD800 million facility dated 17 September 2007 in order to finance pre-export contracts and exports of Yapı Kredi’s customers. Banks were invited to commit in either USD or EUR and the Facility closed more than USD200 million oversubscribed after raising more than USD1,000 million equivalent from a syndicate of 42 banks, which included Yapı Kredi’s core relationship banks and new participants. The all-in cost is LIBOR plus 0. 75% per annum. The success of the transaction is a testament to Yapı Kredi’s continued strong performance as well as its solid banking relationships.
WestLB acted as Coordinator, whilst The Bank of New York Mellon acted as Documentation and Facility Agent.
The full syndicate of banks is shown below:
Mandated Lead Arrangers:
ABN AMRO Bank N.V., The Bank of New York Mellon, The Bank of Nova Scotia, Citi, Commerzbank Aktiengesellschaft, Deutsche Bank AG, London Branch, Dresdner Kleinwort, FORTIS, Intesa Sanpaolo SpA, London Branch, J.P. Morgan plc, Standard Chartered Bank, UniCredit Group, Wachovia Bank, National Association, and WestLB AG, London Branch.
Arrangers:
Lloyds TSB Corporate Markets, Mashreqbank psc, Raiffeisen Zentralbank Österreich Aktiengesellschaft, The Bank of Tokyo-Mitsubishi UFJ, Ltd., The Governor and Company of the Bank of Ireland, Wells Fargo Bank, National Association, Dexia Bank Belgium S.A. / N.V., Rabobank International, Société Générale Corporate & Investment Banking, Standard Bank Plc, Arab Bank plc, Credit Suisse, The Saudi National Commercial Bank, Bahrain, KBC Bank NV Dublin Branch, and BHF-BANK Aktiengesellschaft.
Co-Arrangers:
Bank of Montreal, Banque Misr, CoBank, ACB, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and Goldman Sachs International Bank.
Participants:
Attijariwafa bank Europe, Pohjola Bank plc, Habib Bank AG Zurich, Nordea, The Toronto-Dominion Bank, Union de Banques Arabes et Françaises - U.B.A.F., Skandinaviska Enskilda Banken AB, and Banco Popular Español, S.A.
İstanbul, 12 September 2008
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 12 Sep 2008