VAKIFBANK SECURES USD 1.1BN SYNDICATED LOAN

Vakifbank has secured a USD 1.1bn syndicated loan consisting of USD 237.5m and EUR 691.3m with the participation of 38 banks from 18 countries. Thus, the bank has secured its first sustainable syndicated loan of which the rollover ratio was realized as 105% compared to the same period of the previous year. The Japan-based Mizuho Bank was the agent bank of the 367-day maturity loan, which was jointly coordinated by Abu Dhabi Commercial Bank with Emirates NBD. On the other hand, Emirates NDB, MUFG Bank and Standard Chartered Bank acted as sustainability coordinator.