According to the Bank’s website, the project consists of a senior secured loan to Dunya Varlik Yonetim AS in amount of up to TRY equivalent of EUR 7 million, for 5 years including 2 year grace period, provided for acquisition of new on-performing loan ("NPL") portfolios in Turkiye. The loan will be provided in two tranches, Tranche 1 of up to TRY equivalent of EUR 4.2 million will be committed and Tranche 2 of up to TRY equivalent of EUR 2.8 million will be uncommitted.
The loan will support Company's acquisition of new NPL portfolios in the country in challenging macroeconomic environment including hyperinflation, weakening of Turkish Lira as well as impact of recent eathquake. With a weighted average life ("WAL") of 3.5 years, the loan will provide a stable source of long term funding for Dunya Varlik Yonetim AS and will allow for stronger participation in local sale of the portfolios.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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COMPANY CONTACT INFORMATION
+90 850 22 22 850
+90 850 480 70 71
Buyukdere Cad. Astoria AVM B Blok No:127 Sisli, Istanbul TURKIYE
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