20th February 2020
Shangri-La Bosphorus, Istanbul

Nominations for 2020

144a/RegS Bond Deal of the Year

Akbank T.A.Ş.
TRY 200,000,000 (USD 40,000,000)
19 March 2019
16.75432%
Private placement covered bonds due 2024
Mandated Lead Arrangers
N/A
Legal Advisor to Issuer
Baker McKenzie and Esin Attorney Partnership

Türk Telekomünikasyon A.Ş. - Türk Telekom,
USD Equivalent USD 500,000,000
28 February 2019
99.396% / 6.875% / 7.000%
Eurobond due in 28 February 2024
JLMs / Bookrunners
BofA Merrill Lynch
Citigroup,
ING
MUFG
Société Générale
Legal Advisor to Issuer
Baker McKenzie
Esin Attorney Partnership
Legal Advisors to Joint Lead Managers
Allen & Overy
Gedik & Eraksoy

Yaşar Holding A.Ş.
11 July 2019
Offer up to USD 100,000,000 of USD 250,000,000 8.875% Notes Bond Restructuring due in 2020
8.875%
JLMs / Bookrunners
Barclays Bank Plc
Legal Advisor to Issuer
Baker McKenzie
Esin Attorney Partnership
Legal Advisors to Joint Lead Managers
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership


QNB Finansbank AŞ
USD 650 Mio 144A/RegS Bond
07 March 2019
6.875%
Senior Unsecured due in 07 Sept 2024
Joint-Lead Managers (JLMs) / Bookrunners:
CITI
JP
Mizuho
QNB Capital
Societe Generale
SCB
Morgan Stanley
Legal Adviser to the Issuer
Mayer Brown
Yazıcı Legal
Legal Adviser to the JLMs:
Herbert Smith
Paksoy


Türkiye İş Bankası A.Ş. (“İşbank”)
USD 50,000,000
RegS - Private Placement under GMTN Program
21 August 2019
8.10%
10-year RegS -Green Private Placement under GMTN Program
Joint-Lead Managers (JLMs) / Bookrunners:
Unicredit Bank AG


Koc Holding
USD 750,000,000
March 2019
6.5%
Notes due 2025 issued outside of Turkey
Joint-Lead Managers (JLMs) / Bookrunners:
BofA Marrill Lynch,
Citigroup
J.P. Morgan
Legal Adviser to the Issuer
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership
Legal Adviser to the JLMs:
Allen & Overy
Gedik & Eraksoy


Vakiflar Bankasi T.A.O
USD 600 million Eurobond
28 March 2019
99.697% / 8.125% / 8.20%
Senior Unsecured Eurobond with 5 years maturity under the Global Medium Term Notes (GMTN) program due in 28 March 2024
Joint-Lead Managers (JLMs) / Bookrunners:
CITI
JP Morgan
ING Bank N.V.
Mizuho
MUFG
SMBC Nikko
Legal Adviser to the Issuer:

Mayer Brown LLP
YazıcıLegal
Legal Adviser to the JLMs:

Allen & Overy LLP
Paksoy


Türkiye Şişe ve Cam Fabrikaları A.Ş.
USD700M Senior Unsecured Eurobond Bond
7 March 2019 & 19 March 2019
7,25% / 6,95%
Due in 14 March 2026
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas
Citi
HSBC
JP Morgan
Legal Adviser to the Issuer
Allen & Overy
Gedik & Eraksoy
Legal Adviser to the JLMs:
Mayer Brown
Yazici Legal

FI Bond Deal of the Year

Türkiye Halk BankasıA.Ş. («Halkbank»)
500.5mn TL (USD 86.4 mn*)
June 21, 2019
Simple Yield 23,00 00 % / Compound Yield 25,06 27 %
CPI Linked Yield Protected, Coupon Bills (Public Offering) due in 20 December 2019
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


Türkiye Halk Bankası A.Ş. (Halkbank)
TRY 134 million (23,3 million USD*)
10 September 201 9
TLREF and CPI Linked Coupon Bill Issuance Due in 25 August 2019
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


Türkiye Halk Bankası A.Ş.
TRY 130 million (22,9 million USD*)
20 September 2019
TLREF Indexed, Dynamic Spread Offering Coupon Bond Issuance due in 13 September 2024
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


QNB Finansbank AŞ
USD 650 Mio 144A/RegS Bond
07 March 2019
6.875%
Senior Unsecured due in 07 Sept 2024
Joint-Lead Managers (JLMs) / Bookrunners:
CITI
JP Morgan
Mizuho
QNB Capital
Societe Generale
SCB
Morgan Stanley
Legal Adviser to the Issuer
Mayer Brown
Yazıcı Legal
Legal Adviser to the JLMs:
Herbert Smith
Paksoy


Türkiye İş Bankası A.Ş. (“İşbank”)
USD 50,000,000
RegS - Private Placement under GMTN Program
21 August 2019
8.10%
10-year RegS -Green Private Placement under GMTN Program
Joint-Lead Managers (JLMs) / Bookrunners:
Unicredit Bank AG


Kuveyt Turk Katilim Bankasi AS (as obligor) and KT One Sukuk Company Limited (as issuer)
$200 million
16 July 2019
9.13 % until first call date, thereafter relevant reset rate plus margin of 7.314%
Perpetual hybrid instrument RegS Sukuk
Joint-Lead Managers (JLMs) / Bookrunners:
KFH Capital
Legal Advisor to Obligor
Akin Gump Strauss Hauer & Feld LLP
Mutlu Law Firm
Legal Adviser to the Issuer:
Maples and Calder
Legal Adviser to the JLMs:
Clifford Chance
Yegin Ciftci Attorney Partnership


Akbank T.A.Ş.
TRY 200,000,000 (USD 40,000,000)
19 March 2019
16.75432%
Private placement covered bonds due 2024
Mandated Lead Arrangers
N/A
Legal Advisor to Issuer
Baker McKenzie and Esin Attorney Partnership


Türkiye İş Bankası A.Ş.
TRY 800.000.000 (USD 136.7 mn)
19.06.2019
10YNC5 3M TRLIBOR+100 bps Basel III-Compliant Tier2 TRY Den. FRN due in 06.06.2029
Joint-Lead Managers (JLMs) / Bookrunners:
İş Yatırım Menkul Değerler A.Ş.


QNB Finansbank A.Ş
USD 500 million
28 February 2019 (Pricing) / 07 March 2019 (Settlement)
99.662 (Re-Offer Price) / 6.875% (Coupon) / 6.950% (Yield)
5.5-year 6.875% Senior Unsecured 144A / RegS Notes
Joint-Lead Managers (JLMs) / Bookrunners:
Citi
JPM
Mizuho
QNB Capital
SocGen
SCB
Legal Adviser to the Issuer:
Mayer Brown
Yazıcı Legal
Legal Adviser to the JLMs:
Herbert Smith
Paksoy


Türkiye İhracat Kredi Bankasi A.Ş. (“TurkExim Bank”)
USD 500 million
16 January 2019 (Pricing) / 24 January 2019 (Settlement)
99.799 (Re-Offer Price) / 8.250% (Coupon) / 8.300% (Yield)
5 year 8.250% 144A / Reg S Senior Unsecured Notes
Joint-Lead Managers (JLMs) / Bookrunners:
Citi
Emirates NBD Capital
ING
Mizuho
MUFG
Standard Chartered Bank
Legal Adviser to the Issuer:
Linklaters
Paksoy
Legal Adviser to the JLMs:
Allen & Overy
Gedik & Eraksoy

Corporate Bond Deal of the Year

Emlak Konut GYO (Emlak Konut REIT)
100 mn TL (USD 18,9 mn **)
SimpleYield 2 3,90% / Compound Yield 2 6,20%
Corporate Bill Issuance due in 24 September 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.


SuperonlineİletişimHizmetleriA.Ş. (Superonline)
75 mn TL (USD 12 7 mn **)
June 14, 201 9
Simple Yield 2 3,70% / Compounded Yield 25,67%
Wakalah Sukuk due in 8 october 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.
Legal Adviser to the Issuer:
Ayaz Law Firm
Akol Namlı & Partners


Eregli Demir ve Çelik FabrikalarıT.A.S.
TRY 550 mln(USD 94 mln approximately)
31/05/2019
TRY100 Face Value / Coupon: TRLIBOR 3M + 50 bps
Qualified Investor Placement due in 28/05/2021
Joint-Lead Managers (JLMs) / Bookrunners:
OYAK Yatırım Menkul Degerler A.S.


Koc Holding
USD 750,000,000
March 2019
6.5%
Notes due in 2025 issued outside of Turkey
Joint-Lead Managers (JLMs) / Bookrunners:
BofA Marrill Lynch,
Citigroup
J.P. Morgan
Legal Adviser to the Issuer
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership
Legal Adviser to the JLMs:
Allen & Overy
Gedik & Eraksoy


Türk Telekomünikasyon A.Ş. - Türk Telekom,
USD Equivalent USD 500,000,000
28 February 2019
99.396% / 6.875% / 7.000%
Eurobond due in 28 February 2024
JLMs / Bookrunners
BofA Merrill Lynch
Citigroup,
ING
MUFG
Société Générale
Legal Advisor to Issuer
Baker McKenzie
Esin Attorney Partnership
Legal Advisors to Joint Lead Managers
Allen & Overy
Gedik & Eraksoy


Yaşar Holding A.Ş.
11 July 2019
Offer up to USD 100,000,000 of USD 250,000,000 8.875% Notes Bond Restucturing due in 2020
8.875%
JLMs / Bookrunners
Barclays Bank Plc
Legal Advisor to Issuer
Baker McKenzie
Esin Attorney Partnership
Legal Advisors to Joint Lead Managers
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership


Türkiye Şişe ve Cam Fabrikaları A.Ş.
USD700M Senior Unsecured Eurobond Bond
7 March 2019 & 19 March 2019
7,25% / 6,95%
Due in 14 March 2026
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas
Citi
HSBC
JP Morgan
Legal Adviser to the Issuer
Allen & Overy
Gedik & Eraksoy
Legal Adviser to the JLMs:
Mayer Brown
Yazici Legal

Local Currency Bond Deal of the Year

Türkiye Halk BankasıA.Ş. («Halkbank»)
500.5mn TL (USD 86.4 mn*)
June 21, 2019
Simple Yield 23,00 00 % / Compound Yield 25,06 27 %
CPI Linked Yield Protected, Coupon Bills (Public Offering) due in 20 December 2019
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


Türkiye Halk Bankası A.Ş. (Halkbank)
1,000mn TL (USD 165,2 mn*)
May 15, 2019
Minimum Simple Yield 24 0 0%
Repo Indexed Yield (Interest) Protected Coupon Bill Issuance due in 6 November 2019
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


Arçelik A.Ş.
TL500 mn (USD95 mn)
15.02.2019
2 year floating with 3M TRLIBOR + 75 bps spread
Senior unsecured notes issue marks the first ever TL500mio corporate benchmark due in 12.02.2021
JLMs/Bookrunners:
Yapı Kredi Menkul Değerler A.Ş.


Eregli Demir ve Çelik FabrikalarıT.A.S.
TRY 550 mln(USD 94 mln approximately)
31/05/2019
TRY100 Face Value / Coupon: TRLIBOR 3M + 50 bps
Qualified Investor Placement due in 28/05/2021
Joint-Lead Managers (JLMs) / Bookrunners:
OYAK Yatırım Menkul Degerler A.S.


Turkiye Kalkinma ve Yatirim Bankası A.Ş. Varlik Finansmani Fonu
TRY 3,15 bn (> USD 590 mn)
7 December 2018
5-year Asset Backed Security (ABS) issuance with mortgage backed securities as the underlying asset quarterly coupon payments
Joint-Lead Managers (JLMs) / Bookrunners:
Aktifbank


T. Vakiflar Bankasi T.A.O.
TL 396,300,000 / USD 74,004,220
22 January 2019
Covered Bond through private placement due in 22 January 2027
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Advisers:
Mayer Brown
White & Case
Yazici Legal
GKC Partners


T. Vakiflar Bankasi T.A.O.
TL 1,118,200,000 / USD 212,049,381
12 Fabruary 2019
Covered Bond through private placement due in 12 February 2027
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Advisers:
Mayer Brown
White & Case
Yazici Legal
GKC Partners


Akbank T.A.Ş.
TRY 200,000,000 (USD 40,000,000)
19 March 2019
16.75432%
Private placement covered bonds due 2024
Mandated Lead Arrangers
N/A
Legal Advisor to Issuer
Baker McKenzie and Esin Attorney Partnership

ÇİMSA ÇİMENTO SANAYİ VE TİCARET A.Ş
150.000.000 TRY
21.03.2019
TRY Libor+ 100 bps
Local bond due in 18 March 2021
Joint-Lead Managers (JLMs) / Bookrunners:
AK YATIRIM MENKUL DEĞERLER A.Ş

Structured Bond Deal of the Year

Türkiye Halk Bankası A.Ş. (Halkbank)
1,000mn TL (USD 165,2 mn*)
May 15, 2019
Minimum Simple Yield 24 0 0%
Repo Indexed Yield (Interest) Protected Coupon Bill Issuance due in 6 November 2019
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


Türkiye Halk Bankası A.Ş. (Halkbank)
TRY 134 million (23,3 million USD*)
10 September 201 9
TLREF and CPI Linked Coupon Bill Issuance Due in 25 August 2019
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


ÜNLÜ Menkul Hasat Asset Finance Fund / Tarfin Tarim A.S.
TL10.000.000. / USD1.712.299
31 May 2019
30.5% per annum
Asset Backed Securities, Pay-through certificates issued by an SPV formed as CMB regulated fund due in 15 November 2019
JLMs/Bookrunners:
Unlu Menkul Degerler A.S
Legal Advisor to Issuer:
Esin Attorney Partnership


Türkiye Halk Bankası A.Ş.
TRY 130 million (22,9 million USD*)
20 September 2019
TLREF Indexed, Dynamic Spread Offering Coupon Bond Issuance due in 13 September 2024
JLMs/Bookrunners
Halk Yatırım Menkul Değerler A.Ş. (Halk Invest)


Turkiye Kalkinma ve Yatirim Bankası A.Ş. Varlik Finansmani Fonu
TRY 3,15 bn (> USD 590 mn)
7 December 2018
5-year Asset Backed Security (ABS) issuance with mortgage backed securities as the underlying asset quarterly coupon payments
Joint-Lead Managers (JLMs) / Bookrunners:
Aktifbank


T. Vakiflar Bankasi T.A.O.
TL 396,300,000 / USD 74,004,220
22 January 2019
Covered Bond through private placement due in 22 January 2027
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Advisers:
Mayer Brown
White & Case
Yazici Legal
GKC Partners


T. Vakiflar Bankasi T.A.O.
TL 1,118,200,000 / USD 212,049,381
12 Fabruary 2019
Covered Bond through private placement due in 12 February 2027
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Advisers:
Mayer Brown
White & Case
Yazici Legal
GKC Partners


T. Garanti Bankası A.Ş.
USD150m
7 March 2019
DPR Securitisation / Garanti Diversified Payment Rights Finance Company issued notes under the DPR Programme due in April 2024
Joint-Lead Managers (JLMs) / Bookrunners:
The Hongkong and Shanghai Banking Corporation Limited
Legal Adviser to the Issuer:

Paksoy
Maples and Calder
Legal Adviser to the JLMs:

White & Case LLP
Emmet, Marvin & Martin LLP


T. Vakiflar Bankasi T.A.O
USD 150,000,000
25 June 2019
3M Libor + spread
VakifBank issued senior secured note through private placement with an international bank as an investor in the amount of USD 150,000,000 with 5 years maturity
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Advisers:
Mayer Brown
Ashurst

Syndicated Loan Deal of the Year

Akbank
USD 356 mio & EUR 303 mio; Equiv. of USD 700 mio
8 April 2019
L+ 2.50% for USD 1 yr tranche and E + 2.40% for EUR 1yr tranche
Syndicated Loan Facility due in 9 April 2020
Joint-Lead Managers (JLMs) / Bookrunners:
Coordinators:
Bank of America Merrill Lynch International Designated Activity Company, Emirates NBD Capital Limited, Standard Chartered Bank
B
ookrunners & Mandated Lead Arrangers:
Standard Chartered Bank, The Saudi National Commercial Bank Emirates NBD Capital Limited, Deutsche Bank AG, London Branch, Bank of America Merrill Lynch International Designated Activity Company MUFG Bank, Ltd.,Sumitomo Mitsui Banking Corporation Societe Generale ,BNP Paribas, Citibank N.A., London Branch ING Bank N.V., J.P. Morgan Securities plc,Intesa Sanpaolo S.p.A., London Branch, Mizuho Bank, Ltd.,Commerzbank Aktiengesellschaft, Filiale Luxemburg
Lead Arrangers:
Gulf International B.S.C., Bank of China Limited, Grand Cayman Branch, The National Bank of Ras Al-Khaimah China Development Bank Inner Mongolia Branch
Arrangers:
Credit Suisse International, Goldman Sachs International, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Habib Bank Limited, CaixaBank, S.A., Abu Dhabi Commercial Bank PJSC, Mashreq Bank PSC, BBK B.S.C., ABC International Bank plc, mBank S.A., Zürcher Kantonalbank, ODDO BHF Aktiengesellschaft, BPER: Bank Luxembourg S.A. (Bper Group), Askari Bank Limited and Bankinter, S.A.
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership


QNB Finansbank AŞ
Euro 160 million and USD 20 million
Margin Libor+2.0% pa and Euribor+1.9% pa
Club Loan due in 14 May 2020
Joint-Lead Managers (JLMs) / Bookrunners:
Mizuho
Standard Chartered
JP Morgan
Citibank
Societe Generale
Deutsche
Legal Adviser to the Issuer:
N/A
Legal Adviser to the JLMs:
Dentons UK and Middle East
Balcıoğlu Selçuk Akman Keki Attorney Partnership


Türkiye İhracat Kredi Bankası A.Ş. (Türk Eximbank)
3 October 2018
(USD equivalent): 613mn
Maturity Date: 9 October 2019 (1-year tranche)
1-year tranche denominated in USD and EUR and 2-year tranche denominated in USD due in 9 October 7, 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Mizuho Bank
Legal Adviser to the Issuer:
N/A
Legal Adviser to the JLMs:
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership


Two SPVs (Ramat Negev and Ashdod)
USD 290,000,000
January, 2019
Refinancing of debts with regard to two power stations by a syndicate of lenders due in Q3 2034
Legal Adviser to the Issuer:
GKH Law Offices
Legal Adviser to the Arrangers:
Esin Attorney Partnership


Isbank A.S.
EUR 605m and USD 276m (USD 698m-equivalent)
18th October 2018
Margin for EUR tranche: EURIBOR + 190bp
Margin for USD tranche: LIBOR + 200bp
Dual Currency USD 983m Syndicated Term Loan, due in 367days
Joint-Lead Managers (JLMs) / Bookrunners:
Standard Chartered Bank


Istanbul Metropolitan Municipality
EUR 175.000.000– USD 193.835.000
27 August 2019
Construction of the Umraniye-Atasehir-Goztepe metro line. A/B loan structure in the municipal market due in 2026
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Adviser to the Issuer:
Bezen & Partner


Bereket Enerji Üretim A.Ş
USD 1,000 million
26/06/2019
Amortising structure due in 31.12.2030
Largest natural resource power refinancing in Turkey in terms of size in 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Turkiye Is bankasi AS
Yapi ve Kredi Bankasi AS
Vakıfbank
Ziraat Bank
TSKB
Kuveyt Turk
Financial Advisor:
Lydus Partners & Co
Legal Adviser to the Lender:
Unsal Avukatlik Burosu
Legal Adviser to the JLMs:
GKC Partner


Levent Yapılandırma Yönetimi A.Ş.
USD 3.500 million
21.12.2018
The transaction has been completed on 21.12.2018 upon the transfer of the shares representing 55% of Türk Telekom's issued share capital to Levent Yapılandırma Yönetimi A.Ş due in 31.12.2019 (final maturity may be extended up to 4 years)
Joint-Lead Managers (JLMs) / Bookrunners:
30 Financial Institutions including Türkiye İş Bankasi A.Ş., Garanti Bankası A.Ş., Akbank T.A.Ş.
Legal Advisors:
Allen Overy
Gedik Eraksoy
Legal Adviser to the Sponsors (Saudi Telecom Company):
Esin Attorney Partnership


Kordsa
USD 140m
July 2019
Acquisition of US-based Axiom Materials due in 5 years
Joint-Lead Managers (JLMs) / Bookrunners:
BANK OF AMERICA, N.A.,
MUFG BANK, LTD.,
DEMIR-HALK BANK (NEDERLAND) N.V.,
CREDIT EUROPE BANK N.V.
Legal Adviser to the Issuer:
Akol Law
Pepper Hamilton LLP
Legal Adviser to the JLMs:
Allen Overy
Gedik & Eraksoy
Esin Attorney Partnership (Legal adviser to MUFG Bank, Ltd).


Doğuş Holding A.Ş.
2.3 billion EUR
May 2019
Syndicated loan for restructuring of 2.3 billion EUR of the 5 billion EUR existing financial debt of Doğuş Holding A.S.
Joint-Lead Managers (JLMs) / Bookrunners:
Akbank T.A.Ş., İş Bank, Yapı Kredi Bank, Ziraat Bank, Halk Bank, Vakıflar Bank, Burgan Bank, Şekerbank Garanti Bank, HSBC Bank, Türkiye Sınai Kalkınma Bank, Credit Europe Bank N.V.
Legal Adviser to the Issuer:
Verdi Law Office
Legal Adviser to the JLMs:
GKC Partners


GDZ Enerji Yatırımları A.Ş./ GDZ Elektrik Dağıtım A.Ş./Gediz Elektrik Perakende Satış A.Ş.
USD 1,235,000,000 + TRY 806,000,000
19 July 2019
Syndicated refinancing deal due in 24 July 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bank
Is Bank
Yapi Kredi Bank
Vakifbank
TSKB
Financial Advisor:

Lydus Partners & Co
Legal Adviser to the Issuer:

Unsal Attorney Partnership
Legal Adviser to the JLMs:

GKC Partners


Karpower International B.V
USD 165 million
09.08.2019
Senior secured amortizing term loan due in October 2021
Joint-Lead Managers (JLMs) / Bookrunners:
Bank of America, ICBC Turkey Bank A.Ş, Roehampton Partners, Gramercy, PGGM, İşbank, TCA Investment, CFE SA, Federated Fund
Legal Adviser to the Lender:
Clifford Chance
Yegin Ciftci Attorney Partnership
Legal Adviser to the JLMs:
Dentons


MLP Sağlık Hizmetleri A.Ş.
500 mnTL (88 mn$)
2 August 2019
Amortizing Loan for new Acquisitions and Capex due in 2 August 2025
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bank, Is Bank, Denizbank, ING
Legal Adviser to the Issuer:
Esin Attorney Partnership
Legal Adviser to the JLMs:
Verdi Law Firm


Turkey Wealth Fund
EUR 1,000,000,000 (USD 1,120,000,000)
13 March 2019
Syndicated Loan Deal due in 22 March 2021
Joint-Lead Managers (JLMs) / Bookrunners:
Industrial and Commercial Bank of China, Citibank N.A. London Branch
HSBC Bank plc as Agent
Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch; Citibank, N.A., Jersey Branch; HSBC Bank Middle East; ING European Financial Services plc; Intesa Sanpaolo S.p.A., Dubai Branch; J.P. Morgan Securities plc; Sumitomo Mitsui Banking Corporation; Bank of America Merrill Lynch International Designated Activity Company, Emirates NBD Bank (P.J.S.C.), Societe Generale
Legal Adviser to the Issuer:
Clifford Chance
Yegin Ciftci Attorney Partnership
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Türkiye Ziraat Bankası A.Ş.
USD 529,500,000 and EUR 848,500,000 (USD 1,500,000,000)
29 March 2019
LIBOR/EURIBOR + 1.65% to 2.25% depending of Ziraat Bank's rating
Variable interest rates based on ratings due in 31 March 2020
Joint-Lead Managers (JLMs) / Bookrunners:
MUFG Bank, Ltd., Cargill Financial Services International, Inc., China Development Bank Inner Mongolia Branch, J.P. Morgan Securities plc, Sumitomo Mitsui Banking Corporation, BNP Paribas, Citibank N.A. London Branch, Commerzbank Aktiengesellschaft, Filiale Luxemburg, The Saudi National Commercial Bank, SOCIETE GENERALE, UniCredit Bank AG, Emirates NBD Capital Limited, Standard Chartered Bank, Mizuho Bank, Ltd., ING Bank N.V., Deutsche Bank AG, London Branch, HSBC Bank plc, ICBC Standard Bank Plc, Intesa Sanpaolo S.p.A., London Branch as Bookrunners and Mandated Lead Arrangers; Bank of China Limited, Grand Cayman Branch as Lead Arranger; DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main as Arranger; BBK B.S.C., Goldman Sachs International, Jordan Commercial Bank, KBC Bank NV, Mashreq Bank PSC, The National Bank of Ras Al Khaimah (P.S.C), Raiffeisen Bank International AG, BPER: Bank Luxembourg S.A. (Bper Group), ABC International Bank plc, Banka Kombëtare Tregtare Sh.a., PASHA Bank OJSC, CaixaBank, S.A., Credit Europe Bank N.V., Zürcher Kantonalbank, Anadolubank Nederland N.V., Bank Al Habib Limited, Credit Suisse International, Banco de Crédito e Inversiones, Abu Dhabi Commercial Bank PJSC, The Commercial Bank (P.S.Q.C.), The Housing Bank for Trade and Finance as Participants and MIZUHO BANK, LTD.
Legal Adviser to the Issuer:
Paksoy
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Akbank T.A.Ş.
USD 356,000,000 and EUR €303,000,000 (USD 715,000,000)
26 March 2019
LIBOR/EURIBOR + 1.65% to 2.25% depending of Akbank's rating
Variable interest rates based on ratings due in 28 March 2020
Joint-Lead Managers (JLMs) / Bookrunners:
Co-ordinators:
Bank of America Merrill Lynch International Designated Activity Company, Emirates NBD Capital Limited, Standard Chartered Bank
Bookrunners and Mandated Lead Arrangers:
Standard Chartered Bank The Saudi National Commercial Bank, Emirates NBD Capital Limited, Deutsche Bank AG, London Branch, Bank of America Merrill Lynch International Designated Activity Company, MUFG Bank, Ltd. Sumitomo Mitsui Banking Corporation, Societe Generale, BNP Paribas, Citibank N.A., London Branch, ING Bank N.V. J.P. Morgan Securities plc, Intesa Sanpaolo S.p.A., London Branch Mizuho Bank, Ltd., Commerzbank Aktiengesellschaft, Filiale Luxemburg
Agents:
Gulf International B.S.C., Bank of China Limited, Grand Cayman Branch, The National Bank of Ras Al-Khaimah, China Development Bank Inner Mongolia Branch,
Lead Arrangers:
Mizuho Bank, Ltd., Credit Suisse International, Goldman Sachs International, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Habib Bank Limited, CaixaBank, S.A., Abu Dhabi Commercial Bank PJSC, Mashreq Bank PSC, BBK B.S.C., ABC International Bank plc, mBank S.A., Zürcher Kantonalbank, ODDO BHF Aktiengesellschaft, BPER: Bank Luxembourg S.A. (Bper Group), Askari Bank Limited and Bankinter, S.A.
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership
Legal Adviser to the JLMs:
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership


ING Bank A.Ş.
USD 96,000,000 and EUR 190,000,000 (USD 210,000,000)
1 August 2019
LIBOR/EURIBOR + 1.65% to 2.25% depending of ING's rating
Variable interest rates based on ratings due in 3 August 2020
Joint-Lead Managers (JLMs) / Bookrunners:
Mandated Lead Arrangers:
Doha Bank, Q.P.S.C., Dubai Branch; Barclays Bank PLC; Goldman Sachs International; J.P. Morgan Securities plc; Standard Chartered Bank; Sumitomo Mitsui Banking Corporation Europe Limited; Sberbank (Switzerland) AG; Sberbank Europe AG as Mandated Lead Arrangers; Mizuho Bank, Ltd.; China Development Bank Qingdao Branch and VTB Bank (Europe) SE
Lead Arrangers:
Citibank, N.A., London Branch; Bank of America Merrill Lynch International Designated Activity Company; BNP PARIBAS; Deutsche Bank AG, London Branch and UBS AG, London Branch
Arrangers:
CREDIT SUISSE (Switzerland) Ltd.; ABC International Bank plc; Morgan Stanley Bank International Limited and National Bank of Ras Al-Khaimah.
Agent:
Mizuho Bank, Ltd
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership
Legal Adviser to the JLMs:
Dentons
Balcıoğlu Selçuk Akman Keki Attorney Partnership

TSKB - Türkiye Sınai Kalkınma Bankası A.Ş.
USD 67,500,000 and EUR 97,500,000, (USD 170,000,000)
9 July 2019
LIBOR/EURIBOR + 2.00% to 2.25% depending of ING's rating
Variable interest rates based on ratings due in 11 July 2020
Joint-Lead Managers (JLMs) / Bookrunners:
Advising Arab Banking Corporation (B.S.C.); Citibank, N.A., LONDON Branch; Commerzbank Aktiengesellschaft, Filiale Luxemburg; Doha Bank, Q.P.S.C., Dubai Branch; ING Bank N.V.; ING Bank A.Ş.; Standard Chartered Bank; and Sumitomo Mitsui Banking Corporation, London Branch as Mandated Lead Arrangers & Bookrunners, COMMERZBANK AKTIENGESELLSCHAFT, FILIALE LUXEMBURG acting as Coordinator, Citibank Europe plc, UK Branch acting as Agent, Doha Bank, Q.P.S.C., Dubai Branch, Sumitomo Mitsui Banking Corporation, London Branch, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Arab Banking Corporation (B.S.C.), Citibank, N.A., Jersey Branch, ING Bank N.V., ING Bank A.Ş., BNP Paribas, Banka Kombëtare Tregtare Sh.a., Standard Chartered Bank, Intesa Sanpaolo S.p.A., London Branch, Raiffeisen Bank International AG as Original Lender
Legal Adviser to the Issuer:

Paksoy
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


T. Vakiflar Bankasi T.A.O
USD 279,500,000 & EUR 723,500,000 (USD 1.08 bn equivalent)
2 May 2019
The all-in cost of the 367 days term loan is Libor+2.50% for USD tranche and Euribor +2.40% for Euro tranche
Joint-Lead Managers (JLMs) / Bookrunners:
Mandated lead arrangers:
Cargill, Citibank, Commerzbank, Deutsche Bank, Emirates NBD, HSBC, ING Bank, Intesa Sanpaolo, JPMorgan Chase Bank, Mizuho Bank, MUFG Bank, Saudi National Commercial Bank, Société Générale, Standard Chartered, Sumitomo Mitsui Banking Corporation and UniCredit.
Coordinator Banks:
Emirates NBD Capital Limited & Mizuho Bank, Ltd
Agent Bank: Mizuho Bank, Ltd
Legal Advisers:
Dentons UK & Middle East LLP
Balcıoğlu Selçuk Akman Keki


Yatağan Termik Enerji Üretim A.Ş
USD 920 million
17 July 2019
Largest thermal power plant restructuring in Turkey in terms of size in 2019.
Joint-Lead Managers (JLMs) / Bookrunners:
Security Agent: Yapı ve Kredi Bankası A.Ş.
Facility Agent: Türkiye İş Bankası A.Ş.
Financial Advisor:
Lydus Partners & Co
Legal Adviser to the Lender:
Unsal Attorney Partnership
Legal Adviser to the JLMs:
GKC Partners

Structured Loan Deal of the Year

Doğuş Enerji Üretim A.Ş./ Doğuş Holding
$434 mn
16.06.2019
Restructuring Loan due in March 2021
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bank
Is Bank
Yapi Kredi Bank
Vakifbank
Legal Advisor:
Selvi & Ertekin


Aydem DisCo, Aydem RetCo/ Bereket Energy Group
$677mn
19 July 2019
Amortizing Restructuring Loan due in 19 July 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Yapi Kredi Bank
Financial Advisor:

Lydus Partners & Co
Legal Adviser to the Issuer:
Unsal Attorney Partnership
Legal Adviser to the JLMs:
GKC Partners


Levent Yapılandırma Yönetimi A.Ş.
USD 3.500 million
21.12.2018
The transaction has been completed on 21.12.2018 upon the transfer of the shares representing 55% of Türk Telekom's issued share capital to Levent Yapılandırma Yönetimi A.Ş due in 31.12.2019 (final maturity may be extended up to 4 years)
Joint-Lead Managers (JLMs) / Bookrunners:
30 Financial Instutions including Türkiye İş Bankasi A.Ş., Garanti Bankası A.Ş., Akbank T.A.Ş.
Legal Advisors:
Allen Overy
Gedik Eraksoy
Legal Adviser to the Sponsors (Saudi Telecom Company):
Esin Attorney Partnership


Türkiye Halk Bankası A.Ş.
900m Euro
April 2019
The first Tier 1 transaction in Turkish market in loan format due in 5 years
Joint-Lead Managers (JLMs) / Bookrunners:
Turkey Sovereign Wealth Fund
Legal Adviser to the Issuer:
Akol Law Firm
Legal Adviser to the JLMs:
Paksoy


Dogus Holding (%34), Dogan Holding (%33), Unit Investment NV(%33)
$632mn
26 June 2019
Amortizing Restructuring Loan due in 30 December 2025
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bank
Is Bank
TSKB
Yapi Kredi Bank
Akbank
Legal Advisor:
GKC Partner


GDZ Enerji Yatırımları A.Ş./ GDZ Elektrik Dağıtım A.Ş./Gediz Elektrik Perakende Satış A.Ş.
USD 1,235,000,000 + TRY 806,000,000
19 July 2019
Syndicated refinancing deal due in 24 July 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bank
Is Bank
Yapi Kredi Bank
Vakifbank
TSKB
Financial Advisor:

Lydus Partners & Co
Legal Adviser to the Issuer:

Unsal Attorney Partnership
Legal Adviser to the JLMs:

GKC Partners


Karpower International B.V.
USD 165 million
09.08.2019
Senior secured amortizing term loan due in October 2021
Joint-Lead Managers (JLMs) / Bookrunners:
Bank of America
ICBC Turkey Bank A.Ş
Roehampton Partners
Gramercy
PGGM
İşbank
TCA Investment
CFE SA
Federated Fund
Legal Adviser to the Lender:

Clifford Chance
Yegin Ciftci Attorney Partnership
Legal Adviser to the JLMs:

Dentons


MLP Sağlık Hizmetleri A.Ş.
500 mnTL (88 mn$)
2 August 2019
Amortizing Loan for new Acquisitions and Capex due in 2 August 2025
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bank, Is Bank, Denizbank, ING
Legal Adviser to the Issuer:
Esin Attorney Partnership
Legal Adviser to the JLMs:
Verdi Law Firm


Pegasus Airlines
EUR 117.674.801,69 (USD eqv 131.509.875,00)
29.05.2019 /12.07.2019 /31.07.2019
Mortgage style / Quarterly payments due in 29.05.2031/ 12.07.2031 /31.07.2031
Joint-Lead Managers (JLMs) / Bookrunners:
Société Générale (as Lender)
Balthazar Insurers:
SCOR | Channel AXA XL Liberty Specialty Markets
Balthazar Insurance Broker:
Marsh France
Legal Adviser to the Issuer:
Holland & Knight LLP
Legal Adviser to the JLMs:
Norton Rose Fulbright
Dikici Law Office


SOCAR Turkey Enerji A.Ş.
600 mnTL LT & 50 mnTL ST (Total 115 mn$)
14 June 2019
Amortizing structure due in 14 June 2027
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bankasi
Is Bankasi
Legal Adviser to the Issuer:
Unsal Law Firm
Legal Adviser to the JLMs:
GKC Partner


Turkcell İletişim Hizmetleri A.Ş.
EUR 50,000,000 (USD 56,000,000)
7 May 2019
EURIBOR + 1.95%
This is the very first and only sustainable finance loan transaction in Turkey due in 14 May 2023
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas Fortis SA/NV
Legal Adviser to the Issuer:
Ünsal Avukatlık Ortaklığı
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Acibadem Sağlık Yatırımları Holding A.Ş.
EUR 53,223,000 and EUR 106,446,500 and USD 62,500,000 (USD 245,000,000)
12 April 2019
Major structuring as a result of which two separate loans were simultaneously transferred to, repaid by, the shareholder in return for new shares issued by the borrower.
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas Fortis SA/NV
Credit Suisse AG
Legal Adviser to the Issuer:
Dentons
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Turkish Airlines/ Turkish Airlines ∙ BALTHAZAR Guaranteed French Tax Lease
EUR 200mn USD eq 220 mn
February-August 2019
3-month EURIBOR + 1.00
Fully amortising loan / French t ax leverage due in February August 2031
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas
Legal Adviser to the Issuer:
Clyde & Co LLP
Legal Adviser to the JLMs:
Norton Rose Fulbright LLP

Project Finance Deal of the Year

Aydem DisCo, Aydem RetCo/ Bereket Energy Group
$677mn
19 July 2019
Amortizing Restructuring Loan due in 19 July 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Yapi Kredi Bank
Financial Advisor:

Lydus Partners & Co
Legal Adviser to the Issuer:
Unsal Attorney Partnership
Legal Adviser to the JLMs:
GKC Partners


Unifree Duty Free Anonim Şirketi ∙ THIRD AIRPORT PROJECT
EUR 125.000.000
September 2018
Financial Advisor:
Unlu Menkul Degerler A.S
Lender:
Vakıf Bank A.Ş
Legal Adviser to the Issuer:
Goksu Safi Isik
Verdi Law Firm
Legal Adviser to the JLMs:
Aytemiz Law Firm


GURMAT ELEKTRİK ÜRETİM A.Ş
USD 350 million
26.07.2019
Financing of Efe 6, Efe 7 and Efe 8 GPP Projects (97.5 MW) due in 3 January 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Security Agent:
Turkiye Is Bankasi
Lender:
TSKB
EBRD
ICBC
AIIB
Legal Adviser to the Issuer:
Gedik Eraksoy
Allen Overy
Legal Adviser to the JLMs:
Ozok Law Firm


North Marmara Motorway
USD 4.5 billion (approx.)
2019
Legal Adviser to the Issuer:
Verdi Law Firm
Clifford Chance
Legal Adviser to the JLMs:
Goksu Safi Isik
White and Case


SUEZ Çanakkale RR Atık Hizmetleri A.
TL57.5m (appx. USD10m)
June 2019
10-year TRY Financing with TRLIBOR benchmark due in 2030
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Legal Adviser to the Issuer:
Bezen and Partner
Reed Smith LLP
Legal Adviser to the JLMs:
Baker McKenzie
Kolcuoglu Demirkan Kocakli


Akfen Yenilenebilir Enerji A.Ş.
US$ 125 million
October 2018
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Legal Adviser to the Issuer:
Latham & Watkins
ASC Law Firm


Osmangazi Elektrik Dagitim AS (“OEDAS”)
USD 320 million
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
IFC
FMO
Denizbank
Legal Adviser to the Issuer:
White & Case
GKC Partners
Legal Adviser to the JLMs:
Paksoy

EMBA Elektrik / Shangai Electric Power, Avic
USD 1.381.000.000
29.03.2019
Senior Secured Amortizing Term Loan due in 29 March 2034
Joint-Lead Managers (JLMs) / Bookrunners:
China Development Bank
Bank of China
ICBC
Legal Advisers:
Pekin & Pekin
King&Wood Mallesons


RAMAT NEGEV ENERGY LTD, ASHDOD ENERGY LTD, subsidiaries of EZOTECH ELECTRIC LTD
ILS 113,000,000 (USD 32,000,000)
7 March 2019
Financing of the development of the Ashdod Energy Project and the Ramat Energy Project due in 30 September 2034 / 31 December 2034
Joint-Lead Managers (JLMs) / Bookrunners:
MIZRAHI TEFAHOT BANK LTD
MIZRAHI TEFAHOT TRUST COMPANY LTD
Legal Advisors:
Baker McKenzie
Esin Attorney Partnership

ECA Finance Deal of the Year

Kastamonu Entegre Ağaç San.Tic. A.Ş
EUR 20,600,000 (USD 23,000,000)
19 October 2019
EURIBOR + 0.65%
Kastamonu Entegre Ağaç San.Tic. A.Ş. in relation to an ECA (Oesterreichische Kontrollbank Aktiengesellschaft (OeKB)) backed EUR 20.6 million term loan facility due in 16 July 2029
Joint-Lead Managers (JLMs) / Bookrunners:
Bayerische Landesbank
Legal Adviser to the Issuer
Baker McKenzie
Esin Attorney Partnership

Istanbul Metropolitan Municipality
EUR 100,000,000 (USD 120,000,000)
16 July 2019
EURIBOR + 3.4%
Maturity Date: 16 July 2026
Joint-Lead Managers (JLMs) / Bookrunners:
Société Générale
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership


Turkcell İletişim Hizmetleri A.Ş.
USD 150,000,000
25 February 2019
Libor + 0.58% (Tranche 1) and 3.84% fixed (Tranche 2-3)
Three equal tranches of USD 50million covers Turkcell’s purchases i) before 2019 ii) in 2019-20 and iii) in 2020-21 from Ericsson due in 25 February 2029 – 2030 – 2031
Joint-Lead Managers (JLMs) / Bookrunners:
JPMorgan Chase Bank, N.A
AB Svensk Exportkredit.
Guarantee:
EKN (Exportkreditnämnden)
Legal Adviser to the Issuer:
Ünsal Avukatlık Ortaklığı
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Nokta Yatırım Holding A.Ş./Yılsan Yatırım Holding A.Ş./Karayel Elektrik Üretim A.Ş
75 mn USD
September 2019
75 MW WPP Amortizing Structure finance due in 2029
Joint-Lead Managers (JLMs) / Bookrunners:
TSKB
Hermes
Legal Advisor:
Akol Law


Turkish Airlines ∙ SACE Guaranteed French Tax Lease
EUR 230mn USD eq. 250 mn
November 2018
3-month EURIBOR + 0.70%
Fully amortising loan / French Tax Leverage due in November 2030
Joint-Lead Managers (JLMs) / Bookrunners:
Crédit Industriel et Commercial
UniCredit Bank Austria AG
Legal Adviser to the Issuer:
Clyde & Co LLP
Legal Adviser to the JLMs:
Norton Rose Fulbright LLP

Lila Kağıt Sanayi ve Ticaret A.S. (Lila)
EUR 21,728,906
20th August 2019
EKN BackedSEK fundedECA Financing due in 11 March 2026
Joint-Lead Managers (JLMs) / Bookrunners:

HSBC Bank MiddleEast Ltd.
Legal Adviser to the Issuer:

Paksoy
Legal Adviser to the JLMs:

Allen& Overy


SASA PolysterSanayi A.S. (SASA)

EUR 232,400,000
25 March 2019
1+11-year EUR 232.4m ECA Loan withsemi-annualpayments
HermesBackedECA financing due in 25 March 2031
Joint-Lead Managers (JLMs) / Bookrunners:

HSBC Bank MiddleEast Ltd.
Legal Adviser to the Issuer:

Paksoy
Legal Adviser to the JLMs:

Holman Fenwick Willan

Islamic Finance Deal of the Year

Halk Varlık Kiralama A.Ş. / Emlak Konut GYO (EmlakREIT)
250mn TL ( USD 4 4,9 mn *)
Simple Yield 21,00% / Compounded Yield 22,52%
Wakalah Sukuk due in June 25, 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.
Legal Advisors:
Akol Namli & Partners
Ayaz Law Firm


SuperonlineİletişimHizmetleriA.Ş. (Superonline)
75 mn TL (USD 12 7 mn **)
June 14, 201 9
Simple Yield 2 3,70% / Compounded Yield 25,67%
Wakalah Sukuk due in 8 october 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.
Legal Adviser to the Issuer:
Ayaz Law Firm
Akol Namlı & Partners


Halk Varlık Kiralama A.Ş. / Halk GYO (Halk REIT)
205 mn TL (USD 35,9 mn *)
20 August 2019
Simple Yield 17,50% / Compounded Yield 18,55%
Wakalah Sukuk due in 17 December 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.
Legal Advisors:
Akol Namli & Partners
Ayaz Law Firm


Ziraat Katilim Bankasi A.Ş.
USD 118m & EUR 121m (USD 254m equivalent)
10 April 2019
Dual Currency Syndicated Murabaha Financing Facility due in 367 days
Joint-Lead Managers (JLMs) / Bookrunners:
Arab Banking Corporation (B.S.C.)
Dubai Islamic Bank PJSC,
Emirates
NBD Capital Limited
Warba Bank K.S.C.P
Standard Chartered Bank
Legal Adviser to the Issuer:
Paksoy


Aktif Bank Sukuk Asset Lease Co. for obligor Emlak Girisim A.S.
USD 40 mn
1 August 2019
6.5 % spread
Diminishing Musharakah due in 1 August 2029
Joint-Lead Managers (JLMs) / Bookrunners:
Bank Of New York Mellon
Legal Advisor:
Hogan Lovells


Türkiye Finans Katılım Bankası A.Ş
TRY800 Mln (USD152 Mln approximately)
25/01/2019
TRY100 Face Value/%22,49 Compounded Rate
Fixed Yield Sukuk Issue: %5,1288 term yield due in 25 April 2019
Joint-Lead Managers (JLMs) / Bookrunners:
OYAK Yatırım Menkul Degerler A.S.

Kuveyt Turk Katilim Bankasi AS /KT One Sukuk Company Limited
$200 Million
16 July 2019
9.13 % until first call date, thereafter relevant reset rate plus margin of 7.314%
Only the second U.S. Dollar denominated public Tier 1 sukuk out of Turkey
Joint-Lead Managers (JLMs) / Bookrunners:
KFH Capital
Legal Advisor to Obligor
Akin Gump Strauss Hauer & Feld LLP
Mutlu Law Firm
Legal Adviser to the Issuer:
Maples and Calder
Legal Adviser to the JLMs:
Clifford Chance
Yegin Ciftci Attorney Partnership


LC Waikiki Mağazacılık Hizmetleri A.Ş.
EUR 11,500,000 (USD 12,000,000)
29 November 2018
EURIBOR + 3.2%
Murabaha facility due in 29 November 2025
Joint-Lead Managers (JLMs) / Bookrunners:
BBK S.C. (Bank of Bahrain and Kuwait)
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership

Infrastructure Finance Deal of the Year

North Marmara Motorway
USD 4.5 billion (approx.)
Amortizing Loan due in 15 May 2028 NMM Asia & 15 May 2029 NMM Europe
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti
Finansbank
Is Bank
Vakifbank
Ziraat Bank
Halk Bank
ICBC
Bank of China
Kuveyt Türk
Albaraka Turk
Legal Adviser to the Issuer:
Verdi Law Firm
Clifford Chance
Legal Adviser to the JLMs:
Goksu Safi Isik
White and Case


Istanbul Metropolitan Municipality
EUR 77.5 million
August 2019
Due in 2026
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Black Sea Trade and Development Bank
Legal Adviser to the JLMs:
Bezen & Partners


SUEZ Çanakkale RR Atık Hizmetleri A.
TL57.5m (appx. USD10m)
June 2019
10-year TRY Financing with TRLIBOR benchmark due in 2030
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Legal Adviser to the Issuer:
Bezen and Partner
Reed Smith LLP
Legal Adviser to the JLMs:
Baker McKenzie
Kolcuoglu Demirkan Kocakli


Ceyport Tekirdağ Uluslararası Liman İşletmeciliği A.Ş
TL 347.100.000
24 December 2018
A tailor-made structure with cash and non-cash facilities for Privatization of Tekirdağ Port due in Cash: 7 years with a 3,5-year grace period // Non-Cash: Open Ended
Joint-Lead Managers (JLMs) / Bookrunners:
ICBC Turkey
Legal Advisor:
Ergun Law Office

Osmangazi Elektrik Dagitim AS (“OEDAS”)
USD 320 million
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
IFC
FMO
Denizbank
Legal Adviser to the Issuer:
White & Case
GKC Partners
Legal Adviser to the JLMs:
Paksoy


Turkcell İletişim Hizmetleri A.Ş.
EUR 50,000,000 (USD 56,000,000)
7 May 2019
EURIBOR + 1.95%
This is the very first and only sustainable finance loan transaction in Turkey due in 14 May 2023
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas Fortis SA/NV
Legal Adviser to the Issuer:
Ünsal Avukatlık Ortaklığı
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Turkcell İletişim Hizmetleri A.Ş.
USD 150,000,000
25 February 2019
Libor + 0.58% (Tranche 1) and 3.84% fixed (Tranche 2-3)
Three equal tranches of USD 50million covers Turkcell’s purchases) before 2019 ii) in 2019-20 and iii) in 2020-21 from Ericsson due in 25 February 2029 – 2030 – 2031
Joint-Lead Managers (JLMs) / Bookrunners:
JPMorgan Chase Bank, N.A
AB Svensk Exportkredit


Guarantee:
EKN (Exportkreditnämnden)
Legal Adviser to the Issuer:
Ünsal Avukatlık Ortaklığı
Legal Adviser to the JLMs:
Baker McKenzie
Esin Attorney Partnership


Arkas Holding & Duisburger Hafen AG
USD 60.000.000
9 June 2019
Senior Secured Amortizing Term Loan due in 20 June 2031
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
ICBC
Legal Advisors:
Bird & Bird Law Firm
Paksoy

Power Finance Deal of the Year

Bereket Enerji Üretim A.Ş
USD 825,500,0001,000 million
17 July 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Turkiye Is bankasi AS
Yapi ve Kredi Bankasi AS
Vakıfbank,
Ziraat Bank
TSKB
Kuveyt Turk
Financial Advisor:

Lydus Partners & Co
Legal Adviser to the Issuer:
GKC Partners
Legal Adviser to the JLMs:
Unsal Avukatlik Burosu


Polat Enerji/Şua Elektrik Üretim A.Ş
USD 32 million cash & USD 13 million equivalent non-cash facility
19/07/2019
26 MW Licensed SPP Amortizing structure due in 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Is Bank
TSKB
Legal Advisor:
Akol Namli & Partners

GURMAT ELEKTRİK ÜRETİM A.Ş
USD 350 million
26.07.2019
Financing of Efe 6, Efe 7 and Efe 8 GPP Projects (97.5 MW) due in 3 January 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Security Agent:
Turkiye Is Bankasi
Lender:
TSKB
EBRD
ICBC
AIIB
Legal Adviser to the Issuer:
Gedik Eraksoy
Allen Overy
Legal Adviser to the JLMs:
Ozok Law Firm

Yatağan Termik Enerji Üretim A.Ş
USD 920 million
17 July 2019
Largest thermal power plant restructuring in Turkey in terms of size in 2019.
Joint-Lead Managers (JLMs) / Bookrunners:
Security Agent: Yapı ve Kredi Bankası A.Ş.
Facility Agent: Türkiye İş Bankası A.Ş.
Financial Advisor:
Lydus Partners & Co
Legal Adviser to the Lender:
Unsal Attorney Partnership
Legal Adviser to the JLMs:
GKC Partners

SOMA Enerji Elektrik Üretim A.Ş.
USD 44mn
August 2019
48MW development phase of the SOMA Wind Farm due in 2027
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti
Bayern LB
Legal Advisors:
Bezen & Partners
BCTG


Boyabat Elektrik Üretim ve Ticaret A.Ş.
US$360.686.044,77 and EUR183.930.449,49 Senior Loan
US$30.473.776,55 and EUR26.906.849,48 Subordinated Loan
June 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Yapi Kredi Bank
Is Bankasi
TSKB
Garanti Bank
Akbank
Legal Advisor:
ASC Law Office


Akfen Yenilenebilir Enerji A.Ş.
US$ 125 million
October 2018
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Legal Adviser to the Issuer:
Latham & Watkins
ASC Law Firm


EMBA Elektrik / Shangai Electric Power, Avic
USD 1.381.000.000
29.03.2019
Senior Secured Amortizing Term Loan due in 29 March 2034
Joint-Lead Managers (JLMs) / Bookrunners:
China Development Bank
Bank of China
ICBC
Legal Advisers:
Pekin&Pekin
King&Wood Mallesons

Nokta Yatırım Holding A.Ş./Yılsan Yatırım Holding A.Ş./Karayel Elektrik Üretim A.Ş
75 mn USD
September 2019
75 MW WPP Amortizing Structure finance due in 2029
Joint-Lead Managers (JLMs) / Bookrunners:
TSKB
Hermes
Legal Advisor:
Akol Law

RAMAT NEGEV ENERGY LTD, ASHDOD ENERGY LTD, subsidiaries of EZOTECH ELECTRIC LTD
ILS 113,000,000 (USD 32,000,000)
7 March 2019
Financing of the development of the Ashdod Energy Project and the Ramat Energy Project due in 30 September 2034 / 31 December 2034
Joint-Lead Managers (JLMs) / Bookrunners:
MIZRAHI TEFAHOT BANK LTD
MIZRAHI TEFAHOT TRUST COMPANY LTD
Legal Advisors:
Baker McKenzie
Esin Attorney Partnership

Transport Finance Deal of the Year

Istanbul Metropolitan Municipality
EUR 175.000.000– USD 193.835.000
27 August 2019
Construction of the Umraniye-Atasehir-Goztepe metro line. A/B loan structure in the municipal market due in 2026
Joint-Lead Managers (JLMs) / Bookrunners:
N/A
Legal Adviser to the Issuer:
Bezen & Partner

Istanbul Metropolitan Municipality
EUR 77.5 million
August 2019
Due in 2026
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Black Sea Trade and Development Bank
Legal Adviser to the JLMs:
Bezen & Partners

Istanbul Metropolitan Municipality
EUR 97.5 million
August 2019
Due in 2026
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Black Sea Trade and Development Bank
Legal Adviser to the JLMs:
Bezen & Partners

Arkas Holding & Duisburger Hafen AG
USD 60.000.000
9 June 2019
Senior Secured Amortizing Term Loan due in 20 June 2031
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
ICBC
Legal Advisors:
Bird & Bird Law Firm
Paksoy

Istanbul Metropolitan Municipality
EUR 100,000,000 (USD 120,000,000)
16 July 2019
EURIBOR + 3.4%
Maturity Date: 16 July 2026
Joint-Lead Managers (JLMs) / Bookrunners:
Société Générale
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership

Turkish Airlines/ Turkish Airlines ∙ BALTHAZAR Guaranteed French Tax Lease
EUR 200mn USD eq 220 mn
February-August 2019
3-month EURIBOR + 1.00
Fully amortising loan / French t ax leverage due in February August 2031
Joint-Lead Managers (JLMs) / Bookrunners:
BNP Paribas
Legal Adviser to the Issuer:
Clyde & Co LLP
Legal Adviser to the JLMs:
Norton Rose Fulbright LLP

Natural Resource Finance Deal of the Year


Polat Enerji/Şua Elektrik Üretim A.Ş
USD 32 million cash & USD 13 million equivalent non-cash facility
19/07/2019
26 MW Licensed SPP Amortizing structure due in 2031
Joint-Lead Managers (JLMs) / Bookrunners:
Is Bank
TSKB
Legal Advisor:
Akol Namli & Partners

Bereket Enerji Üretim A.Ş
USD 825,500,0001,000 million
17 July 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Turkiye Is bankasi AS
Yapi ve Kredi Bankasi AS
Vakıfbank
Ziraat Bank
TSKB
Kuveyt Turk
Financial Advisor:
Lydus Partners & Co
Legal Adviser to the Issuer:
GKC Partners
Legal Adviser to the JLMs:
Unsal Avukatlik Burosu


HSBC Canada – Eldorado Gold / TUPRAG

US$ 300 million
June 2019
Joint-Lead Managers (JLMs) / Bookrunners:

BofA Merrill Lynch
BMO Capital Markets
HSBC
National Bank of Canada Financial MarketsBNP PARIBAS
Legal Adviser to TUPRAG:

Cerrahoğlu Law Firm
Legal Adviser to the JLMs:

Cahill Gordon & Reindel LLP


İçtaş Sürdürülebilir Enerji Yatırımları A.Ş.
USD 100,000,000
April 2019
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Legal Adviser to the Issuer:
Unsal Law Firm
Dentons
Legal Adviser to the JLMs:
Paksoy
K&L Gates

SOMA Enerji Elektrik Üretim A.Ş.
USD 44mn
August 2019
48MW development phase of the SOMA Wind Farm due in 2027
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti
Bayern LB
Legal Advisors:
Bezen & Partners
BCTG

Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş.
EUR 215 million plus TL 279.522.000
25 April 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Vakıfbank
Halkbank
ICBC Turkey
Legal Adviser to the Issuer:
Lexist Law Firm
Legal Adviser to the JLMs:
GKC Partners

M&A/Acquisition Finance


Godiva Belgium BVBA
USD 1.3 Billion
19 February 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Morgan Stanley
PwC
A.T. Kearney
Merrill
Legal Advisor:
Baker McKenzie

Kordsa
USD 140m
July 2019
Acquisition of US-based Axiom Materials due in 5 years
Joint-Lead Managers (JLMs) / Bookrunners:
BANK OF AMERICA, N.A.,
MUFG BANK, LTD.,
DEMIR-HALK BANK (NEDERLAND) N.V.,
CREDIT EUROPE BANK N.V.
Legal Adviser to the Issuer:
Akol Law
Pepper Hamilton LLP
Legal Adviser to the JLMs:
Allen Overy
Gedik & Eraksoy
Esin Attorney Partnership (Legal adviser to MUFG Bank, Ltd).


Ceyport Tekirdağ Uluslararası Liman İşletmeciliği A.Ş
TL 347.100.000
24 December 2018
A tailor-made structure with cash and non-cash facilities for Privatization of Tekirdağ Port due in Cash: 7 years with a 3,5-year grace period // Non-Cash: Open Ended
Joint-Lead Managers (JLMs) / Bookrunners:
ICBC Turkey
Legal Advisor:
Ergun Law Office

İçtaş Sürdürülebilir Enerji Yatırımları A.Ş.
USD 100,000,000
April 2019
Joint-Lead Managers (JLMs) / Bookrunners:
EBRD
Legal Adviser to the Issuer:
Unsal Law Firm
Dentons
Legal Adviser to the JLMs:
Paksoy
K&L Gates

SOCAR Turkey Enerji A.Ş.
600 mnTL LT & 50 mnTL ST (Total 115 mn$)
14 June 2019
Amortizing structure due in 14 June 2027
Joint-Lead Managers (JLMs) / Bookrunners:
Garanti Bankasi
Is Bankasi
Legal Adviser to the Issuer:
Unsal Law Firm
Legal Adviser to the JLMs:
GKC Partner

Mayhoola – Boyner Parakende
Equity: US$405,250,000
Finance: EUR 347 million
24 July 2019
M&A/Acquisition Finance
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership
Legal Adviser to the JLMs:
White & Case

Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş.
EUR 215 million plus TL 279.522.000
25 April 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Vakıfbank
Halkbank
ICBC Turkey
Legal Adviser to the Issuer:
Lexist Law Firm
Legal Adviser to the JLMs:
GKC Partners

IPO/Equity Capital Markets

Türkiye Finans Katılım Bankası A.Ş
TRY800 Mln (USD152 Mln approximately)
25/01/2019
TRY100 Face Value/%22,49 Compounded Rate
Fixed Yield Sukuk Issue: %5,1288 term yield due in 25 April 2019
Joint-Lead Managers (JLMs) / Bookrunners:
OYAK Yatırım Menkul Degerler A.S.

Mayhoola – Boyner Parakende
Equity: US$405,250,000
Finance: EUR 347 million
24 July 2019
M&A/Acquisition Finance
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership
Legal Adviser to the JLMs:
White & Case

Export Finance Deal of the Year


Ciner iç ve Dış Ticaret A.Ş.
Upto 75 mn
13 December 2018
Up to 120 days
JLMs / Bookrunners:
Bank ABC
Coface
Legal Advisors:
Esin Attorney Partnership
Regnum Solicitors

Kastamonu Entegre Ağaç San.Tic. A.Ş
EUR 20,600,000 (USD 23,000,000)
19 October 2019
EURIBOR + 0.65%
Kastamonu Entegre Ağaç San.Tic. A.Ş. in relation to an ECA (Oesterreichische Kontrollbank Aktiengesellschaft (OeKB)) backed EUR 20.6 million term loan facility due in 16 July 2029
Joint-Lead Managers (JLMs) / Bookrunners:
Bayerische Landesbank
Legal Adviser to the Issuer
Baker McKenzie
Esin Attorney Partnership

Istanbul Metropolitan Municipality
EUR 100,000,000 (USD 120,000,000)
16 July 2019
EURIBOR + 3.4%
Maturity Date: 16 July 2026
Joint-Lead Managers (JLMs) / Bookrunners:
Société Générale
Legal Adviser to the Issuer:
Baker McKenzie
Esin Attorney Partnership

PARDUS ENERGY LIMITED
USD 178.7m
KEXIM loan-backed financing
Legal Advisors:
GKC Partners

Turkish Airlines ∙ SACE Guaranteed French Tax Lease
EUR 230mn USD eq. 250 mn
November 2018
3-month EURIBOR + 0.70%
Fully amortising loan / French Tax Leverage due in November 2030
Joint-Lead Managers (JLMs) / Bookrunners:
Crédit Industriel et Commercial
UniCredit Bank Austria AG
Legal Adviser to the Issuer:
Clyde & Co LLP
Legal Adviser to the JLMs:
Norton Rose Fulbright LLP

Turkcell İletişim Hizmetleri A.Ş.
USD 150,000,000
25 February 2019
Libor + 0.58% (Tranche 1) and 3.84% fixed (Tranche 2-3)
Three equal tranches of USD 50million covers Turkcell’s purchases i) before 2019 ii) in 2019-20 and iii) in 2020-21 from Ericsson due in 25 February 2029 – 2030 – 2031
Joint-Lead Managers (JLMs) / Bookrunners:

JPMorgan Chase Bank, N.A
AB Svensk Exportkredit.
Guarantee:
EKN (Exportkreditnämnden)
Legal Adviser to the Issuer:

Ünsal Avukatlık Ortaklığı
Legal Adviser to the JLMs:

Baker McKenzie
Esin Attorney Partnership

Real Estate Finance Deal of the Year

Halk Varlık Kiralama A.Ş. / Halk GYO (Halk REIT)
205 mn TL (USD 35,9 mn *)
20 August 2019
Simple Yield 17,50% / Compounded Yield 18,55%
Wakalah Sukuk due in 17 December 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.
Legal Advisors:
Akol Namli & Partners
Ayaz Law Firm



Emlak Konut GYO ( Emlak Konut REIT)
100 mn TL (USD 18,9 mn **)
July 2, 2019
Simple Yield 2 3,90% / Compound Yield 2 6,20%
Corporate Bill due in 24 September 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.

Halk Varlık Kiralama A.Ş. / Emlak KonutGYO (EmlakREIT)
250 mn TL ( USD 4 4,9 mn *)
February 26, 201 9
Simple Yield 21 00 % / Compounded Yield 22 52 %
Wakalah Sukuk due in 25 June 2019
Joint-Lead Managers (JLMs) / Bookrunners:
Halk Yatırım Menkul Değerler A.Ş.
Legal Advisors:
Akol Namli & Partners
Ayaz Law Firm