Emirates NBD takes part in ING Türkiye’s syndicated loan renewal

Emirates NBD takes part in ING Türkiye’s syndicated loan renewal

, listed on Dubai Financial Market (DFM), participated in a deal for ING Türkiye and acted as the Agent. The Turkish entity, which is part of ING Group, renewed its syndicated loan and achieved a 112% rollover ratio with a growing number of lenders. Meanwhile, Emirates NBD Capital Limited, the global investment bank for Emirates NBD Group, acted as the Coordinator for the deal in addition to being one of the Sustainability Coordinators along with ING Bank N.V., according to a press release. A total of 26 banks from 14 countries participated in ING Türkiye’s deal. The proceeds of the 367-day syndicated loan will be allocated to general trade finance purposes, while the all-in pricing is SOFR + 4.25% for USD and Euribor + 4.00% for EUR. , said: “As ING, we see sustainability as our way of doing business rather than just quantitative targets. We both prioritise sustainable finance and target net zero in our own operations.” Gökgöz noted that As for the role the finance sector plays in creating a sustainable world, the CEO said that ING Group’s net zero targets include the support to mobilisation of EUR 125 billion sustainable finance in Wholesale Banking by 2025 through