Buyer's Credit to YILPORT Holding A.S. of Turkiye
Turkey, March 13 -- The Japan Bank for International Cooperation (JBIC) signed on March 12 a buyer's credit (export loan) agreement amounting to up to approximately USD30 million (JBIC portion) with the Turkish company YILPORT Holding A.?. (YILPORT). The loan is co-financed with ING Bank N.V., Tokyo Branch, bringing the total co-financing amount to approximately USD50 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by the private financial institution. The loan is intended to provide the necessary funds, through YILPORT, for YILPORT Terminal Operations S.A. (YILPORT Puerto Bolivar), an Ecuadorian subsidiary of YILPORT, to procure 24 port container cranes from MITSUI E&S Co., Ltd. (MITSUI E&S) f...
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