Turk Eximbank Secures Record $1 Billion Syndicated Loan

Turk Eximbank has signed the largest syndicated loan deal in its history, securing $1 billion in international financing to support Turkish exporters, with a strong emphasis on sustainability and women-led small businesses.

The transaction was coordinated by MUFG Bank Ltd., Abu Dhabi Commercial Bank, and ICBC Turkey, with MUFG Bank Ltd. and Sumitomo Mitsui Banking Corporation acting as sustainability coordinators.

In total, 33 international financial institutions from Europe, the Far East, and the Gulf region participated in the syndicated loan, including nine new lenders. The funding was oversubscribed, renewing Turk Eximbank’s previous loan at 145% of the original amount.

Loan Structure Across Multiple Currencies and Tenors

The loan is structured in three currencies:

• €499.5 million,

• $246 million, and

• 1.34 billion Chinese Yuan (CNY),
  with maturities of 1, 2, and 3 years, providing flexibility to exporters. Notably, this is the first time since 2016 that the bank has secured a 3-year tranche, signaling renewed international confidence.

The loan’s interest margin was reduced by 90 basis points compared to the bank’s previous syndicated borrowing, making it a more favorable funding source for Turkish exporters.

Sustainability-Linked Finance for Women Entrepreneurs and Green Exports

The syndicated facility is linked to strategic sustainability goals, including:

• Expanding access to finance for women-led SMEs operating in low-income regions of Turkey.

• Supporting green product exporters, promoting environmentally sustainable trade.

Statement from Turk Eximbank CEO Ali Güney

“This is not only a record-setting transaction in terms of size,” said Turk Eximbank General Manager Ali Güney, “but also a milestone in our sustainable finance roadmap with its multi-currency structure and ESG-aligned targets.”

Güney emphasized that the participation of nine new lenders reflects strong trust in both Turkey’s economy and Turk Eximbank’s institutional credibility. He added:

“With this facility, the total amount of international funding we have secured since the beginning of the year has reached $3.9 billion. This demonstrates our commitment to rapidly developing alternative financing tools for Turkish exporters.”

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