Peyman Kuruyemis (EBRD-49323)

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
Nov 29, 2017
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
Peyman Kuruyemis Gida San. ve Tic. A.S.
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 37.92 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 32 million
Converted using 2017-11-29 exchange rate.
Loan Amount (USD)
$ 37.92 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 32 million
Converted using 2017-11-29 exchange rate.
Project Cost (USD)
$ 37.92 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 32 million
Converted using 2017-11-29 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 20, 2018

Disclosed by Bank Jun 6, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to EBRD website, the project is a long-term senior secured syndicated loan of EUR 32 million to the Turkish producer of dried fruits, nuts and seeds, Peyman Kuruyemis Gida San. ve Tic. A.S. The proceeds of the transaction will be used to support the company's investment programme including the new production facility investment and capex for 2017 and working capital requirements.

It will finance Peyman Kuruyemis's investment in a new factory as the company is launcing new products and expanding into new markets. The transition impact of this project is expected to be primarily derived from market expansion through backward linkages to local farmers and transfer and dispersion of skills.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Contact Person: Gunes Soyturk (CFO)
Email Address:gunes.soyturk@peyman.com.tr
Telephone No.: +90 216 420 03 73; +90 216 420 03 72
Office Address: Nevnihal Sokak No:4 Nakkastepe 34674 Uskudar/Istanbul Turkey
Website:www.peyman.com.tr

General enquiries to EBRD: 
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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.