Business

The first sustainability-themed syndication to TEB

Turk Ekonomi Bankasi (TEB) signed a contract with the participation of 22 banks to provide a syndicated loan of €230.5 million and $113 million with a maturity of 367 days.

TEB, which increased the number of participating banks and the total amount thanks to the high demand compared to the loan provided in the previous year, by reducing the syndication costs, thus realized a renewal rate of 113%.

TEB General Manager Umit Leblebici said, “We have once again confirmed the confidence in our country’s banking sector in international markets.”

Source: Sabah / Translated by Irem Yildiz

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