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TWF obtains EUR 790 million syndicated loan with a two-year maturity

On March 16th 2023, Türkiye Wealth Fund (TWF) signed a EUR 790 million two-year term facility agreement with the participation of 11 banks from 9 countries.

The deal attracted the participation of three new banks, Akbank T.A.S, Malta Branch, Standard Chartered Bank, and Atlantic Forfaitierungs AG. The pricing of the loan is Euribor + 4.25% p.a.

ICBC acted as the Lead Bookrunner and Joint Coordinator and Emirates NBD Capital Limited acted as the Bookrunner, Joint Coordinator and Documentation and Facility Agent on the transaction.

ICBC joined the deal as Senior Mandated Lead Arranger; Akbank T.A.S Malta Branch, Emirates NBD Bank (P.J.S.C.), ING, Qatar National Bank (Q.P.S.C.) joined as Mandated Lead Arrangers; and BBVA, Societe Generale, Standard Chartered Bank, Citibank, Bank of America Europe Designated Activity Company, and Atlantic Forfaitierungs AG acted as the Lead Arrangers.

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