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New Source of Funding for Turkey Wealth Fund

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Turkey Wealth Fund secured over 1 billion euros in credit from abroad. The Fund announced that for the first time, the syndicated loan process was completed without a “Treasury guarantee.” According to the announcement, a 1.1 billion euro credit will be secured with the participation of 20 banks from 12 countries. The maturity of the loan was set at two years. The new loan had a 139% renewal rate compared to the syndicated loan completed in 2023.

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