"Clifford Chance Advises on €485 Million External Borrowing for Disaster Reconstruction Fund"

"Clifford Chance has advised lenders on the Disaster Reconstruction Fund's first external borrowing of €485 million, arranged by Abu Dhabi Commercial Bank, Commercial Bank of Kuwait, and ICBC Dubai Branch. The funds will aid recovery and infrastructure projects in areas of Türkiye affected by recent earthquakes, and the financing is categorized as a social loan. The advisory team was led by partners Nicola Reader and Sait Eryılmaz, with support from associates."

Clifford Chance advised the lenders on the Disaster Reconstruction Fund’s (DRF) inaugural €485 million external borrowing. This financing, arranged by Abu Dhabi Commercial Bank in collaboration with Commercial Bank of Kuwait and Industrial and Commercial Bank of China (ICBC) Dubai Branch, aims to support public sector recovery, reconstruction, and infrastructure projects in regions affected by the recent earthquakes in the Republic of Türkiye. The financing was documented as a social loan. The cross-border team from Clifford Chance that advised on the transaction was led by partners Nicola Reader and Sait Eryılmaz, with support from senior associate Pelinsu Demircan and associates Marya Manna and Utku Aydın.

"Clifford Chance Advises on €485 Million External Borrowing for Disaster Reconstruction Fund"

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