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Turkish lender Yapi Kredi has signed a syndicated loan agreement worth approximately $1.1 billion, drawing participation from 49 financial institutions across 25 countries, the bank announced.
The facility consists of a 367-day tranche worth $255.5 million and €482.25 million, a 734-day tranche totaling $178 million and €65 million, and a separate $33.5 million tranche with a maturity of 1,101 days.
Pricing for the one-year facilities came in at SOFR, the benchmark U.S. dollar borrowing rate, plus 1.25% for the dollar portion and Euribor plus 1.1% for the euro-denominated tranche.
The two-year facilities were priced at SOFR plus 1.75% and Euribor plus 1.6%, while the three-year dollar tranche carries a margin of SOFR plus 2%.
The bank stated on Thursday that part of the financing package, including the two- and three-year tranches, will be extended under Yapi Kredi’s Sustainability Finance Framework, reinforcing the lender’s focus on sustainable funding.
Chief Executive Officer Gokhan Erun said Yapi Kredi continues to support its customers' financing needs while contributing to Türkiye's economic development.
"By doing so, we are diversifying our funding sources for the development of our country's economy while further strengthening our leading role in international markets," he said.
Looking ahead, Erun added that Yapi Kredi plans to keep bringing long-term funding into the economy through its strong balance sheet, risk management capabilities and customer-focused strategy.
"We will continue to provide long-term funding to our country and contribute sustainably to financing economic growth through our strong balance sheet, effective risk management and customer-focused approach in the period ahead," he added.
Founded in 1944, Yapi Kredi is the fourth-largest private bank in Türkiye, with total assets of €63 billion ($73.3 billion) at the end of 2025.
QNB Türkiye, meanwhile, renewed its sustainability-linked syndicated loan at $400 million across one-, two- and three-year maturities after attracting demand of nearly $900 million from international lenders.
The proceeds will be used to finance the bank's SME loan portfolio under QNB Group's Sustainable Financing and Product Framework.
Pricing was set at SOFR plus 1.25% for the one-year dollar tranche, 1.75% for the two-year tranche and 2% for the three-year tranche. Euro-denominated facilities were priced at Euribor plus 1.1%, 1.6% and 1.8% for one-, two- and three-year maturities, respectively.
According to the bank, the syndication attracted 46 lenders from 21 countries, including 18 institutions participating in a QNB Türkiye syndication for the first time, highlighting sustained interest from international investors.
Chief Executive Officer Omur Tan described the strong demand as particularly valuable at a time when global investors and lenders are becoming increasingly selective. "With this transaction, we aim not only to strengthen our balance sheet but also to support uninterrupted access to financing for the real economy," Tan said.
Controlled by Qatar's QNB Group, QNB Türkiye is the country's fifth-largest private bank, with total assets of €36.5 billion.
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