20th February 2020
Shangri-La Bosphorus, Istanbul

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


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


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



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