📋 Tender Overview
Location:Türkiye
Business Sector: Food and Agribusiness
Notice Type: Private
Approval Date: 08 Oct 2025
Disclosure date: 05 Nov 2025
Project Description
A sustainability-linked loan of up to EUR 75 million to Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others.
Project Objectives
The Bank's loan is part of a larger financing package proceeds of which will be used for the reprofiling of the existing sustainability-linked loan facility maturing in March 2026 into a new sustainability-linked loan facility with significantly more ambitious Key Performance Indicators (KPIs).
Transition Impact
ETI score: 65
The project is treated as an extension of Ulker Sustainability-Linked Loan (Project ID: 54239), the 2023 SLL, which will be reprofiled as part of this proposal. The Project will contribute to the existing objectives and targets of the previous project under the Green and Inclusive qualities and receives the PTI score of the existing project. 2025 SLL structure includes new more ambitious KPIs and Sustainability Performance Targets ("STPS"), in line with the Sustainability Linked Loan Principles ("SLLP").
