Türkiye／Loan insurance to Yapı Kredi for Ship Export

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has decided to provide insurance for a loan made to Yapı Kredi, being one of the leading Financial Institutions in Türkiye.

The loan is intended to support Hayat Kimya Sanayi A.Ş. Group, a Turkish consumer product manufacturer and seller, doing business in and outside of the country, to purchase a bulk carrier built by Oshima Shipbuilding Co., Ltd. (Oshima Shipbuilding) through Sumisho Marine Co., Ltd. It will be extended in the form of co-financing by ING Bank N.V., Tokyo Branch (ING Bank) and Japan Bank for International Cooperation (JBIC). NEXI will underwrite insurance for the loan offered by ING Bank.

It is our second project to support Yapı Kredi financing Turkish manufacturer purchase of a bulk carrier built by Oshima Shipbuilding. NEXI has also provided insurance for a previous loan in April 2023¹.

NEXI, as a governmental financial institution of Japan, will continue to actively support export of ships built by Japanese shipbuilders as a financial institution to implement national policies in Japan.

Reference

Insured	ING Bank N.V., Tokyo Branch
Insured amount	Approx. EUR 16 million
Tenor	Approx. 10 years
Covered risks	Political risk 100％, Commercial risk 95％

Contact:
Infrastructure Group, Loan Insurance Department
Tel: +81-(0)3-3512-7674

---

¹ NEXI News Release, April 4, 2023. Republic of Turkey／Loan insurance to Yapı Kredi