Coordinating Bank

Turkey's Yap? Kredi secures syndicated loans

Published by Hurriyet on Mon, 05/04/2015 - 16:59

Turkish lender Yap? Kredi said on May 4 it had made a 364-day and 367-day syndicated loan agreement comprised of a U.S. dollar tranche of $513 million and a euro tranche of 835 million euros.

?This syndication is the successful refinancing of Yap? Kredi?s existing syndication loan signed in April 2014 with a roll-over ratio of above 114 percent,? the bank said in a statement.