📋 Tender Overview
Identification Code:
OP/24/0033
Total Operation Cost:
102.000.000
Maturity:
84 months
Operation Status:
BSTDB Approved Amount
25.000.000 EUR
Approval Date
05 Dec 2024
BSTDB Signed Amount
25.000.000 EUR
Signed Date
16 Dec 2024
Status:
Active
Description and Purpose of the Operation:
Long-term Senior Debt Facility to finance Hayat Kimya’s capital expenditures in its production facilities, Türkiye
Countries of Operation:
Türkiye (100,00 %)
Financial Product:
Loans
Sector:
Consumer Staples
Domain:
Private
Borrower/Client:
Hayat Kimya Sanayi A.S.
Co-Financiers/Participants:
Commercial banks
Guarantors/Sponsors:
Mr. Ahmet Yahya Kigili
Developmental and Regional Cooperation Impact:
BSTDB participation in the operation would help bring positive social and economic development impact. It will provide the Black Sea market with high quality products at affordable prices for the consumers and will create additional employment in Türkiye. Along with meeting increased domestic demand, the project aims to increase export capacity of the company and thereby country. The project meets regional cooperation criteria, given that Turkish based company, which has operations in Türkiye, distribution bases in Bulgaria and Romania is planning to invest in Türkiye. Additionally, the company plans to export some products to other member countries.
Environmental Classification and Impact (summary):
E&S Category B. Due to the relatively simple manufacturing processes that does not involve complex chemical and physical transformations, and significant material and energy use, the associated E&S risks and impacts that may be generated by the capital expenditure program, are considered limited and can be readily prevented and mitigated. The ESDD was conducted in-house.
Operation Leader:
General Industries, Transport, Tourism 2
E-mail:
gitt2@bstdb.org
