Good News of New Financing to Exporters from Minister Pekcan

minister pekcandan gift of new financing to exporters
minister pekcandan gift of new financing to exporters

Trade Minister Ruhsar Pekcan announced that Türk Eximbank has secured a new syndicated loan for exporters from the international market in the amount of 561 million dollars with a 1-year term.

Minister Pekcan, with the agreement signed yesterday by Türk Eximbank, Mizuho Bank, Ltd. He noted that it has secured new 397,9-year financing with a total of 99,8 million US dollars, 561 million euros and 1 million US dollars, from a consortium of banks under his coordination.

Pekcan stated that the total cost of the USD 561 million loan provided by Eximbank was 6-month Euribor + 2,50% in the Euro tranche for the banks participating with the highest amount and 6-month Libor + 2,75% in the USD tranche, and from a wide geographical area, including Turkey noted that the participation of a total of 23 banks provide.

Export credit of 50 percent of the Usage alone Turkey's officially supported export financing institution of the Eximbank of this syndicated loan provided by the pandemic period, exporters and export-oriented SMEs' access to finance, emphasizing on is extremely important Pekcan, credit also international capital markets in Turkey He stated that it is an indication of his confidence in his economy.

By the end of 2020, an additional resource of 350 million dollars will be provided

Pointing out that Eximbank has offered more than $ 2,5 billion of funding resources to exporters since the beginning of the year, including the syndication transaction, Pekcan said, “Eximbank will continue its efforts to support exports with high added value that will affect economic growth, and It plans to provide additional funding of approximately US $ 2020 million. We will continue to stand by our exporters with our support. I wish this financing will be beneficial to our exporters. " said.

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