Ministry of Treasury and Finance of Turkey

Ankara-Izmir High Speed Railway - UKEF Covered Loan

Industry
Infrastructure/Rail
Area of finance
Project & Infrastructure Finance
Region
Europe
Countries
Turkey

Deal Overview

Credit Suisse and Standard Chartered are acting as joint MLAs, coordinators and bookrunners in the financing to the Republic of Turkey acting through the Ministry of Treasury and Finance for the construction of the 600km-long high-speed railway infrastructure connecting the cities of Ankara and...

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Credit Suisse and Standard Chartered are acting as joint MLAs, coordinators and bookrunners in the financing to the Republic of Turkey acting through the Ministry of Treasury and Finance for the construction of the 600km-long high-speed railway infrastructure connecting the cities of Ankara and Izmir.

 

The project, with a total value of EUR 2.2 billion, was awarded to ERG Group in October 2020 and will help to alleviate traffic congestion and reduce CO2 emissions, therefore allowing the transaction to be classified as Green Loan under LMA’s Green Loan Principles.

 

The project is fully financed with a combination of a UKEF-covered loan and a tied commercial facility. 

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Deal Volume
$ 2.78bn
Financial Close
17 December 2021
Sources
Submitted by participant(s), TXF article

All Dealmakers

Heinz Boiger

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Julia Wersche

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Vijay Raman

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Laurent Eurin

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Dominik Berthold

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Leonard Cleland

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Oliver Roth

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Borja Alba

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Agnès Tauty-Giraldi

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Margaret Eyres

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Kiymet Sanci

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Baptiste Barselo

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Simon Bunckenburg

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Aida Topcagic

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Eugene Kock

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Walter Van Den Berg

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Tranches


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Projects

Ankara-Izmir High Speed Railway

Greenfield
Rail
Europe
Turkey
$ 2.78bn