Ziraat Bank's $1 billion securitization transaction

Ziraat Bank provided $1 billion in foreign financing through securitization based on remittance flows. Ziraat Bank announced that it completed the establishment of the Diversified Payments Rights (DPR) Based Securitization Program and realized a total of $1 billion in issuances under the program with a 2-year grace period and a 5-year maturity. Ziraat Bank General Manager Alpaslan Çakar, who made statements regarding the transaction, said, “In external financing, we completed the establishment of our DPR Program in line with the product-based diversification and deepening strategy and successfully realized the first issuances within this scope. Despite the ongoing global uncertainties and the emergence of developed country banking risks, we observed that there was participation from globally active investment banks in our securitization issuance. As Ziraat Bank, we will continue to contribute to the financing of foreign trade with this resource we have obtained.”