Yapi ve Kredi Bankasi : Yapı Kredi secured sustainability-linked syndicated loan amounting to US$ 458 million
November 02, 2022 at 01:15 pm
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[Sustainability Linked] Yapı Kredi secured sustainability-linked syndicated loan amounting to US$ 458 million
Our bank signed a sustainability-linked syndicated loan deal that consists of two tranches worth of 210 million US Dollars and 249 million Euros which in total amounting to 458 million US Dollars with 367 days maturity.
Our sustainability-linked syndicated loan deal that is going to be used for the financing of international trade, consists of participants from 14 countries and 23 financial institutions. The total cost of the deal for USD and EUR is SOFR + 4.25% and Euribor + 4.00% respectively.
The performance criteria included in the facility were the rooftop solar panel installation on our banking facility in Gebze for renewable energy production and reduction in paper consumption used in approval processes which will support Yapı Kredi's long-term sustainable value creation strategy for all stakeholders.
Istanbul, 2 Nov 2022
Enquiries:
Yapı Kredi Investor Relations & Yapı Kredi Sustainability
Investor Relations Email: yapikredi_investorrelations@yapikredi.com.tr
Sustainability Email: sustainability@yapikredi.com.tr
Yapi ve Kredi Bankasi AS published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 17:14:07 UTC.
Yapi ve Kredi Bankasi AS (the Bank) is a Turkey-based company that provides banking products and services. It operates through the following segments: Retail Banking, which offers card payment systems, consumer loans, commercial installment loans, small medium size enterprises (SME) loans, time and demand deposits, gold banking, investment accounts, life and non-life insurance products as well as payroll services; Corporate and Commercial Banking, which offers working capital finance, trade finance, project finance, domestic and international non-cash loans such as letters of credit and letters of guarantee, cash management and internet banking, as well as Private Banking and Wealth Management, which serves high net worth customers. The Bankâs operations are supported by domestic subsidiaries in asset management, brokerage, leasing and factoring as well as international banking subsidiaries in the Netherlands, Russia, Malta and Azerbaijan.