PROJECT

Projects

Summary of Proposed Investment

Project Number

31085

Company Name

YAPI VE KREDI BANKASI ANONIM SIRKETI

Date SPI Disclosed

Jul 5, 2011

Country

Turkiye

Industry

Financial Markets

Projected Board Date

Aug 8, 2011

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Aug 5, 2011
Signed : Aug 19, 2011
Invested : Aug 22, 2011

Project Description

IFC proposes to purchase up to $75 million in bonds (up to 5 years) and act as one of the core investors to facilitate a successful issuance of a Diversified Payments Rights securitization by Yapi ve Kredi Bankasi A.S. in Turkey. The proceeds would be on-lent i) to small farmers and agribusiness companies and ii) sustainable energy financing -energy efficiency and renewable energy finance projects.

Sponsor / Cost / Location

Development Impact