China Development Bank contributes to EUR 597 million syndicated loan with Ziraat Bank for trade financing and debt refinancing purposes in April 2020 (Linked to Record ID#96131, #100679 and #100680)

Project narrative

On April 9, 2020, Türkiye Ziraat Bankası A.Ş. (Ziraat Bank) signed a $415,000,000 syndicated loan agreement (captured in Record ID#96131) and a EUR 597,000,000 syndicated loan agreement (captured here) with a group of 38 banks — including Bank of China, China Development Bank, and ICBC Standard Bank Plc — for general trade finance and refinancing purposes. The $415,000,000 loan carried an interest rate a 1 year (367 days) and an interest rate of LIBOR plus a 1.85% margin. The EUR 597,000,000 loan carried an interest rate a 1 year (367 days) and an interest rate of EURIBOR plus a 1.6% margin. Emirates NBD Capital Limited acted as Documentation Agent and Mizuho Bank acted as Facility Agent for the facility. Participating banks included 7 Bookrunning Mandated Lead Arrangers, 9 Lead Arrangers and 22 Arrangers. Bookrunners and Mandated Lead Arrangers: Abu Dhabi Commercial Bank PJSC, China Development Bank Hong Kong Branch, Emirates NBD Capital Limited, Societe Generale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, The Saudi National Commercial Bank. Lead Arrangers: Bank of China Limited, Grand Cayman Branch, Citibank, N.A., Jersey Branch, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Deutsche Bank AS, Turkey, ING Wholesale Banking,ING, J.P. Morgan Securities plc, Mizuho Bank, Ltd., UniCredit. Arrangers: ABC International Bank plc, Anadolubank Nederland N.V., Attijariwafa bank Europe, Banka Kombëtare Tregtare Sh.a., Barclays Bank PLC, BNP Paribas, BPER Bank Luxembourg S.A., CaixaBank, S.A., DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, Goldman Sachs International, Habib Bank AG Zurich, UAE, Habib Bank Limited, HSBC Bank Plc, ICBC Standard Bank Plc, Intesa Sanpaolo S.p.A., London Branch, KBC Bank NV, MUFG Bank, Ltd., ODDO BHF Aktiengesellschaft, Raiffeisen Bank International AG, The Housing Bank for Trade and Finance, and Zürcher Kantonalbank. Record ID#96132 captures the estimated financial commitment of CDB to the EUR 597 million loan. Record ID#100679 captures the estimated financial commitment of Bank of China. Record ID#100680 captures the estimated financial commitment of ICBC Standard Bank PLC.