Syndication

VakıfBank has two outstanding syndication loans;

  • VakıfBank signed a syndication loan agreement on April 28th, 2020 amounting USD 312 million and EUR 589.5 million, USD 950 million equivalent in total with the participation of 33 banks from 16 countries. Under the coordination of Emirates NBD and Abu Dhabi Commercial Bank, the all-in cost of the 367-day term loan is LIBOR +2.25% for USD tranche by decreasing 25 bps and EURIBOR +2.00% for Euro tranche by decreasing 40 bps compared to the facility in the same period of last year.
  • VakıfBank signed a syndication loan agreement on November 25th, 2020 amounting USD 160 million and EUR 421 million, USD 660 million equivalent in total with the participation of 27 banks from 17 countries. Under the coordination of Emirates NBD and The Commercial Bank, the all-in cost of the 367-day term loan is LIBOR +2.50% for USD tranche and EURIBOR +2.25% for Euro tranche.

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