ING Türkiye renews $362mln syndicated loan with 112% roll-over

ING Türkiye renews $362mln syndicated loan with 112% roll-over

ING Türkiye has renewed its syndicated loan with a 112% roll-over ratio, successfully signing 332 million euro ($362 million) equivalent dual currency Sustainability Syndicated Term Loan Facility. Emphasising the financial sector’s transformative role in creating a sustainable world, ING Türkiye CEO, Alper Gökgöz, said: “ING sees sustainability as our way of doing business rather than just quantitative targets. With this vision, we prioritise sustainable finance and target net zero in our own operations. “We also prioritise meeting our customers' financing needs with the most appropriate solutions in order to keep them one step ahead in the competition. In this context, we are pleased with raising an ESG-linked syndicated loan for the third time, while growing the deal size. We believe the proceeds of this transaction which will be used for general trade finance purposes, will contribute to both our customers and the Turkish economy.” Increased lender numbers ING Türkiye, part of ING Group which is one of the pioneers in the field of sustainability, renewed its syndicated loan with increased number of lenders. 26 banks from 14 countries participated in the deal, wherein ING Bank N.V. and Emirates NBD Capital Limited acted as Sustainability Coordinators, Emirates NBD Capital Limited acted