Yapı Kredi successfully signed a 1 year Club Term-Loan Facility amounting to USD 800 million on 17 September 2007 in Istanbul. This syndicated loan constituted the refinancing of the 1 year USD 650 million Club Term Loan Facility of Koçbank, which was repaid on 5 September 2007. The proceeds of the new syndicated loan was credited to Yapı Kredi’s accounts with value yesterday, 24 September 2007.
The facility with a 364 day maturity was a highly successful syndication, particularly in light of current global market conditions and is a reflection of Yapı Kredi’s reputation in the market. The all-in cost is LIBOR plus 0.475% per annum. The proceeds from the loan will be used for pre-export finance purposes. The mandated lead arrangers of the term loan are the following 31 international banks listed below:
ABN AMRO Bank N.V., American Express Bank Ltd, Arab Bank PLC, The Bank of New York, The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Bayerische Landesbank, Burgan Bank S.A.K., CALYON, Citibank N.A., Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A, Commerzbank Aktiengesellschaft, Credit Suisse, Deutsche Bank AG, London Branch, Dresdner Kleinwort - the investment banking division of Dresdner Bank AG (acting through Dresdner Bank AG, Niederlassung Luxemburg), Fortis Bank S.A./N.V., The Governor and Company of the Bank of Ireland, ING Bank N.V., Intesa Sanpaolo S.p.A., London Branch, JP Morgan, Lloyds TSB Bank plc, Mashreqbank psc, Natixis, Royal Bank of Scotland plc, Raiffeisen Zentralbank Österreich Aktiengesellschaft (“RZB“), Saudi National Commercial Bank, Standard Chartered Bank, UniCredit Group (represented by Bank Austria Creditanstalt AG), Wachovia Bank, National Association, Wells Fargo Bank, N.A. and WestLB AG, London Branch.
The Bank of Tokyo-Mitsubishi UFJ, Ltd. acted as Co-ordinator while Standard Chartered Bank acted as Documentation Agent and Facility Agent.
The full syndicate of banks is shown below:
Mandated Lead Arrangers
ABN AMRO Bank N.V
American Express Bank GmbH
Arab Bank PLC
The Bank of New York
The Bank of Nova Scotia
The Bank of Tokyo-Mitsubishi UFJ, Ltd
Bayerische Landesbank
Burgan Bank S.A.K.
CALYON
Citibank N.A
Commerzbank Aktiengesellschaft
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A
Credit Suisse
Deutsche Bank AG London
Dresdner Kleinwort- the investment banking division of Dresdner Bank AG
(acting through Dresdner Bank AG, Niederlassung Luxembourg)
Fortis Bank SA/NV
The Governor and Company of the Bank of Ireland
ING Bank N.V.
Intesa Sanpaolo S.p.A., London Branch
JP Morgan
Lloyds TSB Bank plc
Mashreqbank psc
Natixis
Raiffeisen Zentralbank Österreich AG
Royal Bank of Scotland plc
Saudi National Commercial Bank
Standard Chartered Standard Chartered Bank
Unicredit Group (represented by Bank Austria Creditanstalt AG)
Wachovia Bank, National Association
Wells Fargo Bank N.A.
WestLB AG, London Branch
Arrangers
Bank of Montreal
BHF-Bank Aktiengesellschaft
Caxia Geral de Depositos
Co Bank, ACB
KBC Bank NV
Co-Arrangers
Dexia Bank Belgium S.A.
Bank Hapoalim B.M.
Goldman Sachs International Bank
Habib Bank AG Zurich
UBS AG
Manager
Nordea Bank AB(publ)
İstanbul, 25 September 2007.
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 25 Sep 2007