Clifford Chance has advised the financiers on a EUR 300 million loan made available to Turk Eximbank under the guarantee of the Multilateral Investment Guarantee Agency.
The financing parties included Standard Chartered Bank as the facility agent, ING Bank, a branch of ING-DiBa AG, as the coordinator, as well as BNP Paribas, Credit Europe Bank, HSBC Bank Middle East Limited, ING Bank, and Standard Chartered Bank as the joint bookrunners, mandated lead arrangers, and lenders.
According to Clifford Chance, "the financing will be used by Turk Eximbank to extend trade sub-loans to export-focused enterprises, covering front-end production expenditures, with priority given to green exports, SMEs, women-inclusive companies, and medium-to-high technology companies."
The Clifford Chance team included Istanbul-based Partner Sait Eryilmaz, Senior Associate Pelinsu Demircan, Associates Berke Avarkan and Utku Aydın, and Trainee Lawyer Busra Altuntas, as well as further team members in Munich, London, and Washington, D.C.
Clifford Chance did not respond to our inquiry about the matter.
