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Financing package arranged for Turkey’s Enerjisa
07 April 2011
IFC, UniCredit and WestLB have arranged an A/B loan facility with an additional parallel loan and development bank financing for Turkey’s Enerjisa Enerji Üretim.
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EnerjiSA
Turkey power
WestLB energy
Unicredit
IFC Turkey
power plant developmentm
Haci Omer Sabanci
Verbund
IFC, UniCredit and WestLB have signed a debt package for Turkey’s Enerjisa Enerji Üretim to finance the company’s investment programme. Syndication of the package launched late last year (Trade Finance, 10/11/10).
Acting as global coordinators, IFC, UniCredit, and WestLB have arranged a 12-year Eu700 million debt package for Turkey’s Enerjisa Enerji Üretim for the second phase of the company’s investment programme, following a financing package of Eu1 billion in 2008.
The facilities comprise an IFC A-loan (Eu65 million); a B-loan facility (Eu525 million split equally between UniCredit and WestLB); a parallel loan facility arranged by TSKB – the Industrial Development Bank of Turkey (Eu65 million); and a special dedicated facility for development finance institutions arranged by Proparco(Eu45 million).
The financing will support construction of Enerjisa’s second large natural gas-fired thermal power plant...
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