VakıfBank has successfully completed a new transaction under its Diversified Payment Rights (DPR) Program, backed by future remittance flows, with a total size of USD 1.022 billion. The transaction consists of two tranches amounting to USD 524 million and EUR 425 million.
Under the DPR Program, a total of nine separate transactions have been provided with maturities ranging from 5 to 10 years, funded by international institutional investors and correspondent banks.
According to the Capital Markets Board (CMB) legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.