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IS Leasing Loan

Sector: Water Supply and Storage • Location: Turkiye

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment is comprised of a senior unsecured loan of up to US$100 million , consisting of US$50 million for IFC's own account and US$50 million to be mobilized through the MCPP III Program, to Is Finansal Kiralama A.S. (“IsLeasing” or the “Company”), a subsidiary of Turkiye Is Bankasi A.S. (IsBank) , which is the largest private bank in Turkiye and one of IFC’s strategic clie

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Project Information

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The project “IS Leasing Loan” is an infrastructure initiative in the Water Supply and Storage sector, located in Turkiye. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

The proposed investment is comprised of a senior unsecured loan of up to US$100 million , consisting of US$50 million for IFC's own account and US$50 million to be mobilized through the MCPP III Program, to Is Finansal Kiralama A.S. (“IsLeasing” or the “Company”), a subsidiary of Turkiye Is Bankasi A.S. (IsBank) , which is the largest private bank in Turkiye and one of IFC’s strategic clients.The transaction has a maturity period of 5 years with a 1-year grace period on principal repayment, and features an amortizing repayment structure.The proceeds of the investment will be used to expand the Company's climate-smart lending, with a 15% carve-out for women-inclusive enterprises and another 15% for blue lease financing.The proposed investment aims to support the Company's strategic direction to increase its footprint in green financing, including women.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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