Türkiye's state export agency, Türk Eximbank, announced on Thursday that is secured a total of $830 million in syndicated loans from 32 international banks in euro and U.S. dollar currencies with one-, two- and three-year maturity tranches.
According to a statement from Türk Eximbank, the bank has successfully completed a new syndicated loan transaction, once again demonstrating its strong credit reputation and investor confidence in international markets.
While $830 million in funding was provided within the scope of the transaction, the syndication loan was concluded with a renewal rate of 129%. A total of 32 international banks participated in the transaction, including nıne first-time participants.
Completed during a period when geopolitical risks and fluctuations in financing costs continue in international financial markets, the transaction is considered an important indicator of the confidence international financial institutions have in Türk Eximbank and Türkiye's export-oriented growth perspective.
The mentioned funding will be used to meet the financing needs of exporter companies operating in the real sector that contribute to production, investment and employment.
