FMO, Proparco launch €80m syndicated facility for Kılıç Deniz

In:

Agriculture/food chain

Region:

Europe

Dutch development bank FMO and France's Proparco have launched an €80 million syndicated facility to support Turkish agricultural group Kılıç Deniz. The syndication is led by FMO, which is committing €65 million, with Proparco committing €15 million.

The funds wil support Kılıç Deniz’s ongoing business expansion across Turkey, further promote the company’s sustainable production of sea bass, sea bream, and rainbow trout, while also optimize its balance sheet.

FMO originally signed a bilateral €50 million term loan facility with Kılıç Deniz in 2019 to support the company’s business growth; this new syndicated facility will replace the previous bilateral facility and increase FMO’s total commitment to €65 million, alongside Proparco as the other participating development finance institution.

View source

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on...

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD)...

Financing last-mile connections in Africa

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion digitalisation and sustainability in trade.

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as significant as new large-scale generation projects.