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On 04 December 2020, Our Bank has signed a Syndicated Term Loan Facility Agreement with the participation of 42 banks from 20 countries in the amount of USD 242,500,000 and EUR 445,500,000 comprising of two separate tranches with 367 days maturity. The all-in cost for USD and EUR tranches have been realized as Libor + 2.50% and Euribor + 2.25% respectively. The proceeds of the facility will be used for financing international trade activities of our customers; primarily tourism, shipping, export-oriented industries and agriculture. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.