Ziraat Bankası completes $300 million transaction

Ziraat Bankası has completed a USD 300 million, 4-year secured external financing transaction with a major international investment bank from the United Kingdom. It was reported that Ziraat Bankası has diversified its external financing sources in line with stable and balanced growth strategies and increased long-term borrowing opportunities. The statement said: 'In this context, a secured external financing transaction of USD 300 million with a 4-year maturity has been completed with a major international investment bank from the United Kingdom. As a result of positive developments in the Turkish economy in recent periods and steps taken within the framework of the implemented program, confidence in Turkey's banking sector continues to accelerate and increase.' The statement noted that the increase in Turkey's creditworthiness contributes to successful integration into the international financial system, supports the continuation of international qualified fund flows under improving conditions and strengthens cooperation with international stakeholders. It was stated: 'Our strategy of deepening and diversifying external financing will be pursued with determination in the periods ahead.' Source