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VakıfBank has provided a Dual Currency Term Loan equivalent to USD 650 billion in total, comprised of USD 296 million and EUR 313.5 million with the participation of 27 international banks from 16 countries.
VakıfBank signed the second sustainable syndicated loan of the bank with the roll over ratio of 102% compared to the same period of the previous year. The all-in cost of 367-days term loan is Libor + 2.15% for USD tranche and Euribor + 1.75% for Euro tranche.
While First Abu Dhabi Bank, The Commercial Bank Qatar and Emirates NBD acted as joint coordinator banks, SMBC and Standard Chartered Bank acted as the sustainability coordinator banks in this transaction, Emirates NBD was the agency bank.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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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.