Yayla Agro (EBRD-48334)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 20, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Yayla Agro Gida San. ve Nak
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 22.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 20,000,000.00
Converted using 2016-05-23 exchange rate.
Project Cost (USD)
$ 47.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 42,500,000.00
Converted using 2016-05-23 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 19, 2017

Disclosed by Bank May 23, 2016


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Project Description
The EBRD is providing a senior A/B loan of up to EUR 40 million to Yayla Agro Gida San. ve Nak. A.S. one of the leading players in the production and processing of pulses and rice in Turkey. The loan will be utilised to (i) restructure the company's balance sheet by extending average tenor of its loan book through refinancing part of its existing short term loans, (ii) finance its investment programme for ready-to-eat products and (iii) finance its incremental working capital needs.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Yayla Agro Gida San. ve Nak. A.S., is one of the leading players in the production and processing of pulses and rice.
Contact Information
FARUK ILDIR farukildir@yaylabakliyat.com.tr 00903128154950 00903128154790 www.yaylabakliyat.com.tr Istanbul yolu 30 km Saray Mah. Fatih Sultan Bulvari No 327 Kazan Ankara ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.