📋 Tender Overview
Project ID: 56732
StatusApproved
Location: Türkiye
Business Sector: Food and Agribusiness
Notice Type: Private
Environmental Category: B
Approval Date: 15 Jul 2025
Disclosure date: 15 Jul 2025
Project Description
The provision of a three-year US$ 15.5 million (€ 13.2 million) senior secured loan (the Loan) to Turkiye based processor of pulses Bashan Agro Gida Sanayi ve Ticaret A.S.
Project Objectives
The Bank's financing will be used to finance working capital needs.
Transition Impact
ETI score: 60
The proposed project supports the TI objectives of the existing project with the Borrower, DFF Bashan (Op ID: 53760), under the Resilient and Green transition qualities, therefore will be treated as an extension to the original transaction and will be rated and monitored together with Op ID: 53760. Under the Resilient quality, the additional financing provided in the context of this new project will allow the Borrower to further diversify their supply chain by adding fifteen new international suppliers of lentil, beans and chick-peas; and have long-term financing to compensate for the constantly growing raw materials prices. Under the Green quality, Bashan will purchase up to 8,855 tonnes of legumes, sourced from approximately 5,902 hectares of land resulting in nitrogen savings equivalent to 1.4m tons of CO2 emissions thanks to effect of legume production on nitrogen soil storage that reduces fertiliser application.
The original project received an ETI rating of 59, and is on track to achieve the targets set out at approval, with a current PTI rating of 60.
