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TEB Secures Syndicated Loan in Four Tranches

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Türk Ekonomi Bankası (TEB) announced through the Public Disclosure Platform (KAP) that it has secured a syndicated loan from international markets, comprising four tranches. The loan includes €248 million and $46 million with a maturity of 367 days, and €62.5 million and $66 million with a maturity of 734 days, all linked to sustainability targets.

In the bank’s statement, the following details were provided:

  • For the 367-day maturity loan, the highest cost for participating banks in both the dollar and euro segments was Sofr+1.75% and Euribor+1.50%, respectively.
  • For the 734-day maturity loan, the highest cost for participating banks in the dollar and euro segments was Sofr+2.25% and Euribor+2.00%, respectively.

This syndicated loan, structured with sustainability targets, reflects TEB’s commitment to raising funds in alignment with global sustainability standards.


My Take: TEB’s move to secure a syndicated loan linked to sustainability targets is a clear sign of its commitment to both financial growth and environmental responsibility. With such international backing and favorable terms, this could not only bolster the bank’s liquidity but also enhance its global reputation as an environmentally conscious institution. This type of financing is likely to become more common as sustainability plays an increasingly crucial role in global markets.

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TEB Secures Syndicated Loan in Four Tranches
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