Vakıfbank provided syndicated loan – Bloomberg HT

Vakıfbank, in a statement to the Public Disclosure Platform (KAP), announced that it provided a syndicated loan of $ 825 million in total, including $ 189.5 million and € 575.5 million.

According to the written statement made by the bank, the total cost of the loan with a maturity of 367 days was SOFR + 4.25 percent for the dollar tranche and Euribor + 4 percent for the euro tranche.

Abu Dhabi Commercial Bank, Emirates NBD Capital Limited and Mashreqbank served as joint coordinator banks in the syndication.

Mashreqbank, Sumitomo Mitsui Banking Corporation and Standard Chartered Bank served as coordinator banks within the scope of joint sustainability, while Emirates NBD Bank was authorized as the agent bank.