On 27 October 2021, Yapı Kredi successfully signed a syndicated loan agreement totalling US$ 822 million at 367 days maturity, with a roll-over ratio of 97%.
The Bank’s sustainability linked syndicated loan facility is secured through two different tranches; US$ 360.5 million and Euro 396.5 million. The total cost of the deal for USD and EUR is Libor+2.15% and Euribor+1.75% respectively. The proceeds of the transaction are going to be used for trade financing purposes.
This $822 million transaction is a continuation of the performance criteria of the first sustainability-linked syndicated loan in May. Accordingly, the performance criteria determined in line with Yapı Kredi's long-term sustainable value creation for all stakeholders take the Bank's May targets to a higher level.
The sustainability performance criteria, which are determined in accordance with the goal of creating long-term sustainable value creation for all stakeholders of Yapı Kredi, include improvements to the Bank's electricity supply from renewable energy sources and to ESG Risk Management Score of the Bank. In case the sustainability criteria are met during the specified test periods, there will be an improvement in the costs of the syndicated loan.
The facility includes Yapı Kredi’s key relationship partners from 19 countries and 38 financial institutions.
Istanbul, 27 October 2021
Enquiries:
Yapı Kredi Investor Relations
Email: yapikredi_investorrelations@yapikredi.com.tr
Contacts: www.yapikrediinvestorrelations.com/en/contact/