JBIC signs second credit line with TKB under GREEN operations

The Japan Bank for International Cooperation (JBIC) signed on March 26 a credit line agreement for setting up a credit line totaling up to USD150 million (of which JBIC’s portion is USD75 million) with Türkiye Kalk?nma Bankas? A.?. (TKB), Development Bank of Turkey. The credit line is cofinanced with Mizuho Bank, Ltd. (lead arranger), with JBIC providing a partial guarantee for the cofinanced portion. This credit line is extended under GREEN operations*1 and intended to provide funding through TKB for renewable energy projects and energy efficiency projects in Turkey. This credit line follows the one provided to TKB in March 2013.*2. TKB is a policy-based financial institution that supports the promotion of Turkey’s national development projects, and adopted in its medium-term plan (2013-2015) the basic target of support for the promotion of renewable energy and energy efficiency and environmental conservation. As Japan’s policy-based financial institution, JBIC will continue to support global environmental preservation efforts in cooperation with such overseas governments and financial institutions by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.