Turk Eximbank signs 140 million euro syndicated loan

Turkiye’s Eximbank signed a 140 million euro ($152 million)syndicated loan agreement under the insurance of Nippon Export and Investment Insurance (NEXI) with 10-years maturity, the bank said on Tuesday.
In a statement, Turk Eximbank said the financing from commercial banks, with a repayment guarantee of the treasury, will be used to bolster trade activities between Turkish exporters and Japanese firms.

The financing facility, will also support SME exporters,women-inclusive exporters, and environmentally conscious exporters producing green products, the statement said.
($1 = 0.9214 euros)

Source: reuters


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