Financed ProjectsHayat Kimya-Senior Debt Facility II

Identification Code:

OP/23/0014

Total Operation Cost:

68.181.818

Maturity:

78 months

Operation Status:

Description and Purpose of the Operation:

Financing the capital expenditures of Hayat Kimya and its subsidiaries

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Hayat Kimya Sanayi A.S. Turkey

Co-Financiers/Participants:

n.a.

Guarantors/Sponsors:

Personal guarantee from the shareholder Mr. Ahmet Yahya Kigili

Developmental and Regional Cooperation Impact:

BSTDB participation in the operation would help bring positive social and economic development impact. It will provide the Black Sea market with high quality products at affordable prices for the consumers and will create additional employment.

Environmental Classification and Impact (summary):

Construction and operation of new plants for production of paper tissues and towels is associated with limited environmental and social (E&S) risks and impacts that can be readily managed by applying good practices for the manufacturing industry. The main risks and impacts common for the sector relate to site issues, compliance, labor and working conditions, pollution prevention and abatement measures, fire safety, product safety, impacts on the local communities’ health, safety and security; and supply chain which is a critical issue in the industry that relies on products derived from natural wood, which needs to be sourced from well-managed forests with legally controlled loggings, and procured based on fair trade practices.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org