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Clifford Chance advises the Finance Parties on the EUR 1bn IBRD backed Green Infrastructure Financing to Turkexim

16 May 2024

Clifford Chance advises the Finance Parties on the EUR 1bn IBRD backed Green Infrastructure Financing to Turkexim

Global law firm Clifford Chance has advised the Finance Parties regarding a EUR 1 billion loan made available to Türkiye İhracat Kredi Bankası A.Ş. (Türk Eximbank) aimed at funding green infrastructure projects. The arrangement, with a maturity of 10 years, is under the guarantee of the World Bank made available through IBRD, and benefit from a counter-guarantee of the Ministry of Treasury and Finance of Türkiye.

This strategic financial package, backed by a consortium of banks, will be used to support Turkish exporters with their green infrastructure investments, contributing to a more sustainable future.

Our cross-border team: Catherine McCarthy, Sait Eryılmaz, Nicholas Johnson, Ali Can Altıparmak, Pelinsu Demircan and Bilgesu Çakmak.