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On 18 February 2021, DenizBank secured a total of USD 435 million (USD 345,000,000 and EUR 73,582,062) funding under the Diversified Payment Rights (DPR) Securitization Programme backed by future flows, with maturities of up to 7 years, with 9 series signed by 13 investors in total in the transaction where Credit Suisse AG and Emirates NBD Capital Limited acted as Joint Coordinators and Book runners, and which received USD 150 million and 100 million USD investment from International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD), respectively. The financing is planned to be used for energy efficiency and renewable energy projects, supporting women entrepreneurs, the agricultural sector as well as working capital needs of businesses. |
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.