20th February 2020
Shangri-La Bosphorus, Istanbul

Past winners

BONDS & LOANS TURKEY AWARDS 2018

Financial Institutions Deal of Year:

Yapi ve Kredi Bankası A.Ş. (June 2017)

TRY500,000,000

13.125% RegS Eurolira Issuance under GMTN Programme due June 2020

Global Coordinator and Underwriter: HSBC

T. Is Bankası A.S. (August 2017)

TRY1,100,000,000

+350bp over 5Y Turkish Treasuries 10YNC5 Basel III-Compliant Tier2 TRY Denominated Domestic FRN Issue

Mandated Lead Arranger: Is Yatirim Menkul Degerler A.S.

Legal Advisor to Issuer: Yazıcı Law Offices

Akbank T.A.Ş. (March 2017)

US$500,000,000

7.200% 10NC5 RegS/144A Basel III-Compliant Tier2 Notes

Joint Lead Managers and Bookrunners: Bank of America Merrill Lynch; Citi; Goldman Sachs; HSBC; Societe Generale; Standard Chartered

Legal Advisor to Issuer: Baker McKenzie; Esin Attorney Partnership

Legal Advisors to JLM: Allen&Overy; Gedik&Eraksoy

Türkiye İş Bankası A.Ş. (October 2016)

US$600,000,000

5.50% Senior Unsecured 144A/RegS Bond due April 2022

Bookrunners: Commerzbank; Bank of America Merrill Lynch; MUFG; First Abu Dhabi Bank (FAB); Standard Chartered Bank

Legal Advisors to Issuer: Mayer Brown; Yazıcı Legal

Legal Advisors to JLM: Allen&Overy; Gedik&Eraksoy

International Bond Deal of the Year:

Akbank T.A.Ş. (March 2017)

US$500,000,000

7.200% 10NC5 RegS/144A Basel III-Compliant Tier2 Notes

Joint Lead Managers and Bookrunners: Bank of America Merrill Lynch; Citi; Goldman Sachs; HSBC; Societe Generale; Standard Chartered

Legal Advisor to Issuer: Baker McKenzie; Esin Attorney Partnership

Legal Advisors to JLM: Allen&Overy; Gedik&Eraksoy

Türkiye Sinai Kalkınma Bankası A.Ş. (March 2017)

US$300,000,000

7.625% RegS Green Bond due in March 2027

Global Coordinators and Bookrunners: Citi, Standard Chartered Bank

Bookrunners: HSBC, JPMorgan, Societe Generale

Legal Advisor to Issuer: Linklaters

Legal Advisor to JLMs: Allen & Overy

Coca-Cola Icecek (September 2017)

US$500,000,000

4.215% Senior Unsecured Bond due September 2024

Bookrunners: BNP Paribas, Citi, JPMorgan, HSBC, MUFG

Legal Advisor to Issuers: Dentons; Balcıoglu Selcuk

Legal Advisors to JLM: Allen&Overy; Gedik&Eraksoy

Türkiye İş Bankası A.Ş. (October 2016)

US$600,000,000

5.50% Senior Unsecured 144A/RegS Bond due April 2022

Bookrunners: Commerzbank; Bank of America Merrill Lynch; MUFG; First Abu Dhabi Bank (FAB); Standard Chartered Bank

Legal Advisors to Issuer: Mayer Brown; Yazıcı Legal

Legal Advisors to JLM: Allen&Overy; Gedik&Eraksoy

Local Bond Deal of the Year

Turkcell Finansman A.S. (December 2016)

TRY250,000,000

Local Bond due June 2017

Deal Manager: Ak Yatırım Menkul Degerler A.S.

Enerjisa Enerji A.Ş. (July 2017)

TRY335,000,000

Turkish CPI + %5,00 Local Bond due July 2022

Deal Manager: Ak Investment

Akbank T.A.Ş. (October 2017)

TRY536,280,000 Bond due October 2023

Purchaser: IFC

Legal Advisor to Issuer: Linklaters LLP; Paksoy Ortak Avukat Bürosu

Legal advisor to Purchaser: Allen & Overy; Gedik & Eraksoy Avukatlık Ortaklığı

Türkiye Halk Bankası A.Ş. (October 2017)

TRY1,000,000,000

+350bp over 5Y Government Domestic Borrowing Securities (GDBS) 10YNC5 Basel III-Compliant Tier2 Notes

Underwriter, Bookrunner and Structuring Bank: Halk Yatırım Menkul Değerler A.Ş.

Structuring Bank: Halkbank

Transport Finance Deal of the Year

Marmara Otoyol İnşaatı Adi Ortaklığı Ticari İşletmesi (February 2017)

€607,500,000

Motorway PPP Bridge Loan due September 2018

Sponsors: Cengiz İnşaat Sanayi ve Ticaret A.Ş.; Limak İnşaat Sanayi ve Ticaret A.Ş.; Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş.; Kalyon İnşaat Sanayi ve Ticaret A.Ş.; RSY İnşaat Sanayi ve Ticaret A.Ş.; Pak Yatırım İnşaat Sanayi ve Ticaret A.Ş

Mandated Lead Arrangers: Türkiye Garanti Bankası A.Ş.; T.C. Ziraat Bankası A.Ş.; Türkiye Halk Bankası A.Ş.; Türkiye İş Bankası A.Ş.; Finansbank A.Ş.; Turkiye Vakıflar Bankası T.A.O.

Legal Advisor to Borrower: Lexist Attorneys at Law

Legal Advisor to JLMs: Verdi Attorneys at Law

Fraport - IC Içtaş Antalya Havalimanı Terminal Yatırım ve İşletmeciliği A.Ş. (ICF Antalya Airport) (July 2017)

€362,300,000

Triple-tranche Loan for the Refinancing of the Senior Debt Facility of ICF Antalya Airport due December 2023 (cash facilities) and June 2025 (non-cash facilities)

Sponsors: Fraport AG; IC İbrahim Çeçen Yatırım Holding A.Ş.

Mandated Lead Arranger: Akbank T.A.Ş.

Legal Advisor to the Borrower: Freshfields Bruckhaus Deringer; Ergün Law Office

Legal Advisor to the JLMs: White & Case LLP; Çakmak-Gökçe Law Office

Turkish Airlines Inc. (June 2017)

US$550,000,000

Financing of 4 Widebody and 4 Narrowbody Turkish Airlines Aircraft with CMB Financial Leasing Co., Ltd due February 2027-June 2029

Mandated Lead Arranger: CMB Financial Leasing Co.

Legal Advisor to Borrower: Clyde & Co; Holman Fenwick Willan LLP (HFW)

Legal Advisor to JLMs: Clifford Chance; Bird & Bird; Dikici Law Office

Syndicated Loan Deal of the Year:

Boğaziçi Elektrik Dağıtım A.Ş.; CK Boğaziçi Elektrik Perakende Satış A.Ş.; Akdeniz Elektrik Dağıtım A.Ş.; CK Akdeniz Elektrik Perakende Satış A.Ş.; Çamlıbel Elektrik Dağıtım A.Ş.; CK Çamlıbel Elektrik Perakende Satış A.Ş. (March 2017)

US$222,000,000

Multi-tranche loan facility due May 2027

Concessionaires: BEDA Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş.; AKDEN Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş.; Çamlı Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş.

Sponsors: Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş.; Cengiz Holding A.Ş.

Mandated Lead Arranger and Security Agent for Boğaziçi: Türkiye Garanti Bankası A.Ş.

Mandated Lead Arranger and Security Agent for Akdeniz: Yapi ve Kredi Bankasi A.S.

Mandated Lead Arranger and Security Agent for Çamlı: Türkiye Sinai Kalkınma Bankası A.Ş.

Mandated Lead Arranger and Facility Agent: Türkiye İş Bankası A.Ş.

Legal Advisor to the Borrower: Çakmak-Gökçe

Limak Hidroelektrik Santral Yatirimlari A.Ş. and Çetin Enerji A.Ş. (July 2017)

US$470,000,000

Loan Facilities for the Refinancing of Alkumru Dam (280 MW) and Financing of Greenfield Investments of Çetin Dam (420 MW) due July 2030

Joint Lead Managers: Türkiye Garanti Bankası A.Ş.; Türkiye Halk Bankası A.Ş.; Türkiye İş Bankası A.Ş.; Yapi ve Kredi Bankasi A.S.; T.C.Ziraat Bankasi A.S.

BAŞKENT KURUMSAL ŞUBESİ
BAŞKENT KURUMSAL BANKACILIK MERKEZİ ŞUBESİ

Financial Advisor: EY
Legal Advisor to Borrower: Çetinkaya Avukatlık Ortaklığı

Legal Advisor to JLMs: Çakmak-Gökçe Avukatlık Bürosu; White & Case LLP; Çakmak Avukatlık Bürosu

IC İçtaş Elektrik, TREDAŞ and TREPAŞ (November 2016)

US$670,000,000

Loan Facility due in November 2031

Lead Arrangers: Türkiye Garanti Bankası A.Ş.; Türkiye İş Bankası A.Ş.; Türkiye Sınai Kalkınma Bankası A.Ş.; Türkiye Vakıflar Bankası T.A.O.; EBRD

Legal Advisor to Borrower: Omelegal

Legal Advisor to JLMs: Çakmak-Gökçe Avukatlık Bürosu; White & Case LLP; Çakmak Avukatlık Bürosu

UMV Global Foods Company Ltd. ("United Biscuits") (August 2017)

£725,000,000

Triple-tranche Loan Facility due in August 2022

Global Coordinator, Mandated Lead Arranger and Bookrunner: Bank of America Merrill Lynch

Mandated Lead Arrangers and Bookrunners: HSBC; ABN Amro; ING; Rabobank; BNP Paribas; JPMorgan

Lead Arrangers: Bank of China; Bank of Ireland; Bank of Communications; Mizuho; SMBC; Goldman Sachs; Mediobanca; DZ Bank; KBC; Societe Generale; RBI; AIB; ICICI; Siemens

Legal Advisor to Borrower: Linklaters

Legal Advisor to JLMs: Latham & Watkins

Natural Resources

Kangal Elektrik Enerji Uretim ve Ticaret A.S. (July 2017)

€156,600,000

Three-Phase Multi-tranche Project Finance Loan (including ECA Tranche and Local Commercial Tranche); with commercial loans due in October 2026, February 2027, and July 2029; and ECA loans due in October 2031, February 2032 and July 2034

Sponsors: Ece Tur Ece Turizm Insaat Ticaret ve Magaza Isletmeciligi A.S.

Lead Arranger on all Three Phases: Turkiye Is Bankası A.S.

Lead Arranger on Phase 1 and 2: Landesbank Berlin AG

Lead Arranger on Phase 3: Banco de Sabadell SA

Legal Advisor to Joint Lead Managers: Cakmak - Gokce Avukatlik Burosu; Clifford Chance

Limak Hidroelektrik Santral Yatirimlari A.Ş. and Çetin Enerji A.Ş. (July 2017)

US$470,000,000

Loan Facilities for the Refinancing of Alkumru Dam (280 MW) and Financing of Greenfield Investments of Çetin Dam (420 MW) due July 2030

Joint Lead Managers: Türkiye Garanti Bankası A.Ş.; Türkiye Halk Bankası A.Ş.; Türkiye İş Bankası A.Ş.; Yapi ve Kredi Bankasi A.S.; T.C.Ziraat Bankasi A.S.

BAŞKENT KURUMSAL ŞUBESİ
BAŞKENT KURUMSAL BANKACILIK MERKEZİ ŞUBESİ

Financial Advisor: EY
Legal Advisor to Borrower: Çetinkaya Avukatlık Ortaklığı

Legal Advisor to JLMs: Çakmak-Gökçe Avukatlık Bürosu; White & Case LLP; Çakmak Avukatlık Bürosu

Anagold Madencilik Sanayi ve Ticaret A.Ş. (April 2017)

US$350,000,000

Syndicated Senior Project Finance Facility for the Expansion of the Copler Gold Mine due April 2025

Mandated Lead Arrangers: BNP Paribas, ING, Unicredit, Societe Generale

Legal Advisor to the Borrower: Esin Attorney Partnership

Legal Advisor to the Joint Lead Managers: Norton Rose

Kalehan Genç Enerji Üretim A.Ş. (November 2016)

US$500,000,000

EUR/US$ Multi-currency Loan Facility for development of Aşağı Kaleköy Hydro Power Plant due in December 2030

Mandated Lead Arranger and Facility Agent: Türkiye Garanti Bankası A.Ş.

Mandated Lead Arranger: T.C. Ziraat Bankası A.Ş.
Legal Advisor to the Borrower: Gökçe

Legal Advisor to the JLMs: Çakmak-Gökçe

Technical Advisor: Dolsar

Environmental Advisor: Golder

Insurance Advisor: Aon

Model Auditor: EY

Structured Finance Deal

Yeni Elektrik Üretim A.Ş. (August 2017)

US$ 120,000,000

Structured loan facility for the refinancing of senior debt and the introduction of junior debt due in June 2025

Sponsors: Unit Investment N.V.; Ansaldo Energia S.p.A.

Mandated Lead Arranger and Security Agent: Türkiye İş Bankası A.Ş.

Mandated Lead Arrangers: Türkiye Vakıflar Bankası T.A.O.; Türkiye Garanti Bankası A.Ş.; Yapi ve Kredi Bankasi A.S.

Legal Advisor to Borrower: Clifford Chance

Legal Advisor to Obligor: NautaDutilh N.V.; Chiomenti Studio Legale

Legal Advisor to JLMs: White & Case LLP; Çakmak-Gökçe Avukatlık Bürosu

YDA Construction Industry and Trade Inc. (May 2017)

€177,000,000

Structured PPP Loan for Development of Manisa Education Research Hospital due October 2034

Concessionaire: ATM Sağlık Manisa Yatırım ve İşletme A.Ş.

Mandated Lead Arranger and Security Agent: Ziraat Katılım Bankası A.Ş.

Mandated Lead Arrangers: Islamic Development Bank (IsDB), Islamic Corporation for Development of the Private Sector (ICD), Opec Fund for International Development (OFID), Siemens Bank GmbH,

Legal Advisor to the Borrower: Akol Özok Namlı Attorney Partnership; Gunduz Law Office

Legal Advisor to the JLMs: Allen & Overy; Gedik Eraksoy Law Office

Financial Advisor: Pragma Finansal Danışmanlık Hizmetleri Ticaret A.Ş.

Other Advisors: BTY Group, JLT Group, AON, MGS, KPMG

Trakya Electricity Distribution Company (TREDAS), Trakya Retail (TREPAS) and IC İçtaş Elektrik (ICEL) (November 2016)

US$578,000,000

Multi-tranche Structured Loan Facility for New Capex Financing and Refinancing of Existing Facilities due November 2031

Sponsors: IC İçtaş İnşaat A.Ş.

Mandated Lead Arranger and Facility Agent: Garanti Bank AS

Mandated Lead Arranger and Security Agent: Is Bank

Mandated Lead Arrangers: EBRD, TSKB AS, Vakıfbank AS

Legal Advisor to Borrower: Reed Smith

Legal Advisor to Joint Lead Managers: White & Case; Çakmak-Gökçe

Advisors: AF Mercados; Aecom, Aon

Turkcell Finansman A.S. (April 2017)

TRY100,000,000

Asset Backed Local Currency Bond due July 2017, October 2018, January 2018, April 2018, July 2018, October 2018, and December 2018
Tranche 2: 10.10.2017

Deal Manager: Aktif Yatırım Bankası A.S.

Infrastructure Finance Deal

YDA Construction Industry and Trade Inc. (May 2017)

€177,000,000

Structured PPP Loan for Development of Manisa Education Research Hospital due October 2034

Concessionaire: ATM Sağlık Manisa Yatırım ve İşletme A.Ş.

Mandated Lead Arranger and Security Agent: Ziraat Katılım Bankası A.Ş.

Mandated Lead Arrangers: Islamic Development Bank (IsDB), Islamic Corporation for Development of the Private Sector (ICD), Opec Fund for International Development (OFID), Siemens Bank GmbH,

Legal Advisor to the Borrower: Akol Özok Namlı Attorney Partnership; Gunduz Law Office

Legal Advisor to the JLMs: Allen & Overy; Gedik Eraksoy Law Office

Financial Advisor: Pragma Finansal Danışmanlık Hizmetleri Ticaret A.Ş.

Other Advisors: BTY Group, JLT Group, AON, MGS, KPMG

İkitelli Integrated Health Campus (Ronesans)

Fraport - IC Içtaş Antalya Havalimanı Terminal Yatırım ve İşletmeciliği A.Ş. (ICF Antalya Airport) (July 2017)

€362,300,000

Triple-tranche Loan for the Refinancing of the Senior Debt Facility of ICF Antalya Airport due December 2023 (cash facilities) and June 2025 (non-cash facilities)

Sponsors: Fraport AG; IC İbrahim Çeçen Yatırım Holding A.Ş.

Mandated Lead Arranger: Akbank T.A.Ş.

Legal Advisor to the Borrower: Freshfields Bruckhaus Deringer; Ergün Law Office

Legal Advisor to the JLMs: White & Case LLP; Çakmak-Gökçe Law Office

İstanbul PPP Sağlık Yatırım A.Ş. (July 2017)

¥203,700,000,000

Triple-tranche Structured Equity and Debt Financing Facilities due July 2035

Concessionaires: Rönesans Holding A.Ş.; Rönesans Sağlık Yatırım A.Ş.; Sojitz Corporation

ECA: NEXI

Mandated Lead Arrangers: SMBC, MUFG, Standard Chartered Bank

Legal Advisors to Borrower: Willkie Farr & Gallagher; Bezen & Partners

Legal Advisor to JLMs: White&Case, Ergün Law Office

Kocaeli Hastane Yatırım ve Saglık Hizmetleri A.Ş. (March 2017)

PPP Loan Facility due in January 2035

Mandated Lead Arrangers: EBRD, OPIC, EDC

Financial Advisor, and Security and Investment Agent: Unicredit

Financial Advisor: Yapı ve Kredi Bankasi A.Ş.

Legal Advisor to the Borrower: Çakmak Avukatlık Bürosu; White & Case LLP

Legal Advisor to JLMs: Freshfields Bruckhaus Deringer LLP; Herguner Bilgen Ozeke Attorney Partnership

Trade & Export Finance Deal of the Year:

KIPAŞ MENSUCAT IŞLETMELERI A.Ş., KEN KIPAŞ ELEKTRIK URETIM A.Ş.,; MAREN MARAŞ ELEKTRIK URETIM SAN. VE TİC. A.Ş. (May 2017)

€39,615,166

Multi-tranche Export Credit Facility due in May 2027

Mandated Lead Arranger: HSBC

Legal Advisor to the JLMs: Pekin & Bayar; Norton Rose Fulbright

Hanwha Energy Corporation (December 2016)

US$31,100,000

Dual tranche Project Finance Loan Facility due in December 2028 and March 2029

Sponsors: Hanwha Energy Corporation; Primo Güneş Enerjisi A.Ş.

ECA: K-EXIM

Mandated Lead Arranger: Yapı ve Kredi Bankası A.Ş.

Legal Advisor to the Borrower: Falke Law and Tax Advisory

Lead Advisor to the JLMs: Çakmak & Gökçe

Türkiye İş Bankası A.Ş.; DITAS (April 2017)

US$96.325.000

ECA Covered Loan Facility due in October 2025

ECA: K-EXIM

Olgu Enerji Yatırım Üretim ve Ticaret A.Ş. (April 2017)

€66,961,281

95% Hermes supported facility to Olgu Energi to finance the supply of equipment from GE for the expansion of Dinar WPP due in April 2027

ECA: Hermes

Lead Arranger: HSBC

Legal Advisor to the JLMs: Dentons; Balcıoğlu Selçuk Akman Keki

M&A / Acquisition Finance Deal of the Year:

Yılport Konteyner Terminali ve Liman İşletmeleri A.Ş. (January 2017)

US$200,000,000

Acquisition Financing Facility of Yılport's Purchase of Solventaş Teknik Depolama A.Ş. due in January 2030

Mandated Lead Arranger: Yapı ve Kredi Bankası A.Ş.

Legal Advisor to the Borrower: Esin Attorney Partnership

Legal Advisor to the JLMs: Yazıcı Legal

Lastmile Kargo A.Ş. (Turkven) (August 2017)

US$158,000,000

Triple-tranche, USD/TRY dual-currency Acquisition Financing Facility for the Purchase of MNG Kargo due August 2024

Mandated Lead Arranger: Akbank T.A.Ş.

Legal Advisor to the Borrower: Çakmak-Gökçe Avukatlık Bürosu

Legal Advisor to the JLMs: Çetinkaya Avukatlık Ortaklığı

Actera Group (April 2017)

€208,000,000

Acquisition Financing Facility for the Purchase of Korozo Ambalaj and Koroplast due in 7 tears from the date of first utilisation

Mandated Lead Arranger and Security Agent: Türkiye İş Bankası A.Ş.

Mandated Lead Arranger: Türkiye Sınai Kalkınma Bankası A.Ş.

Legal Advisor for the Borrower: Verdi Avukatlık Ortaklığı

Legal Advisors for the JLMs: Çakmak-Gökçe Avukatlık Bürosu; White&Case LLP; Jeantet AARPI; Vandenbulke

Vitol (VIP) Turkey Enerji A.Ş. (June 2017)

US$500,000,000 and TRY720,000,000

Dual-tranche Acquisition Financing Facility for the Purchase of OMV Petrol Ofisi A.Ş. due in June 2022 (USD tranche) and June 2019 (TRY tranche)

Coordinators, Structuring Bank, Security Agent and Mandated Lead Arranger: ING Bank N.V.

Coordinators, Structuring Bank and Mandated Lead Arranger: Akbank T.A.S

Mandated Lead Arrangers: HSBC; Qatar National Bank; Finansbank; Isbank; Garanti

Legal Advisor to the Borrower: Allen & Overy; Gedik & Eraksoy

Legal Advisor to the JLMs: Linklaters; Esin Attorney Partnership

Project Finance Deal of the Year:

Limak Hidroelektrik Santral Yatirimlari A.Ş. and Çetin Enerji A.Ş. (August 2017)

US$460,000,000

Multi-tranche Project Finance Loan for Refinancing of Alkumru Hydro-Electric Power Plant and Financing of Çetin Hydro-Electric Power Plant due in August 2030

Mandated Lead Arrangers: Türkiye İş Bankasi A.Ş.; Türkiye Garanti Bankasi A.Ş.; Türkiye Halk Bankasi A.Ş.; Yapi ve Kredi Bankasi A.Ş.; T.C. Ziraat Bankasi A.Ş.

Legal Advisor to the Borrower: Çetinkaya Avukatlık Ortaklığı

Legal Advisor to the JLMs: White & Case LLP; Çakmak - Gökçe Avukatlık Bürosu

Kocaeli Hastane Yatırım ve Saglık Hizmetleri A.Ş. (March 2017)

PPP Loan Facility due in January 2035

Mandated Lead Arrangers: EBRD, OPIC, EDC

Financial Advisor, and Security and Investment Agent: Unicredit

Financial Advisor: Yapı ve Kredi Bankasi A.Ş.

Legal Advisor to the Borrower: Çakmak Avukatlık Bürosu; White & Case LLP

Legal Advisor to JLMs: Freshfields Bruckhaus Deringer LLP; Herguner Bilgen Ozeke Attorney Partnership

IC Ictas Elektrik Tic. A.S., Trakya Elektrik Dagıtım A.S.(TREDAS),Trakya Elektrik Perakende Satıs A.S.(TREPAS) (November 2016)

US$685,000,000

USD/TRY Dual currency Project Finance Loan due in December 2029 and December 2031

Mandated Lead Arrangers: Türkiye İş Bankasi A.Ş. Başkent Kurumsal Ankara Şubesi; Türkiye Garanti Bankasi A.Ş.; Türkiye Vakıflar Bankası T.A.O.; EBRD; Tukiye Sınai Kalkınma Bankası A.Ş.

Legal Advisor to the JLMs: White & Case LLP; Çakmak - Gökçe Avukatlık Bürosu

Elaziğ PPP Project (December 2016)

€288,000,000

Dual-tranche PPP Project Bond due in December 2036

Sponsors: Ronesans Group; Meridiam Eastern Europe Sarl; Şam; Sıla; TTT

Mandated Lead Arranger: HSBC

Legal Advisor to the Borrower: Bezen & Partners; Willkie, Farr and Gallagher LLP

Legal Advisor to the JLMs: Clifford Chance

Islamic Capital Markets

ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş. (October 2017)

TRY200,000,000

16.00% Dual-tranche Sukuk due in October 2018 and October 2019

Mandated Lead Arranger: KATILIM VARLIK KİRALAMA A.Ş.

Legal Advisor to the Issuer and JLMs: VAKIF YATIRIM MENKUL KIYMETLER A.Ş.

KUVEYT TÜRK KATILIM BANKASI A.Ş. (November 2016)

US$500,000,000

5.136% Sukuk due in November 2021

Global Coordinator and Bookrunner: KFH Capital Investment Company K.S.C.C.

Joint Lead Managers and Bookrunners: BankABC, Dubai Islamic Bank, EmiratesNBD, Qinvest, Standard Chartered Bank

Legal Advisor to the Issuer: Clifford Chance

Legal Advisor to the JLMs: King & Spalding; Mutlu Law Firm

The Republic of Turkey (April 2017)

US$1,250,000,000

5.004% Sukuk due in April 2023

Mandated Lead Arrangers: Standard Chartered Bank; Dubai Islamic Bank; HSBC

Legal Advisors to the Issuer: Arnold & Porter LLP; Paksoy Ortak Avukat Bürosu

Legal Advisor to the JLMs: Clifford Chance LLP; Yegin Çiftçi Attorney Partnership

Ziraat Katılım Bankası A.Ş. (May 2017)

US$160,000,000 and €69,000,000

Syndicated Murabaha Facility due May 2018

Mandated Lead Arrangers: Bank ABC; Dubai Islamic Bank; Emirates NBD; HSBC; Kuveyt Turk; Standard Chartered Bank; Warba; BBK; Mashreq

Lead Arrangers: Noor Bank; United Arab Bank

Legal Advisors for JLMs: Esin Attorney Partnership; Norton Rose

BONDS & LOANS TURKEY AWARDS 2019

144a/RegS Bond/Sukuk Deal of the Year:

1st -Turkcell İletişim Hizmetleri A.Ş. (“Turkcell”)

US$500,000,000

April 2018

Senior Unsecured 144a/RegS Eurobond due in April 2028

5.80%

Joint Lead Managers:

Legal Advisors to the Issuer:

Legal Advisors to the JLMs:

2nd -Türkiye Petrol Rafinerileri (Tupras)

US$700,000,000

October 2017

4.500%

Senior Unsecured 144a/RegS Eurobond due October 2024

Joint Lead Managers:

Citi

HSBC

JPMorgan

Standard Chartered Bank

Legal Advisors to the Issuer:

Herbert Smith Freehills

Legal Advisors to the Underwriter:

Allen & Overy

3rd -Türkiye Vakiflar Bankasi T.A.O. (“VakifBank”)

US$650,000,000

January 2018

5.750%

Senior Unsecured Fixed Rate Notes due in January 2023

Bookrunners:

Legal Advisor to the Issuer:

Legal Advisor to the JLMs:

Legal Advisor to the Joint Lead Arrangers:

Allen & Overy

Corporate Debt Deal of the Year:

1st -Ciner Group

US$1,660,000,000

August 2018

Syndicated Loan due in August 2025

Mandated Lead Arrangers and Bookrunners:

DenizBank

Goldman Sachs

Bank of China

Türkiye İş Bankası

Legal Advisor to the JLMs:

White & Case

GKC Partners

Legal Advisor to the Borrower:

Morgan Lewis

DDEM Law

2nd -Turkcell İletişim Hizmetleri A.Ş. (“Turkcell”)

US$500,000,000

April 2018

Senior Unsecured 144a/RegS Eurobond due in April 2028

5.80%

Joint Lead Managers:

Legal Advisors to the Issuer:

Legal Advisors to the JLMs:

3rd-Türkiye Petrol Rafinerileri (Tupras)

US$700,000,000

October 2017

4.500% bridge

Senior Unsecured 144a/RegS Eurobond due October 2024

Joint Lead Managers:

Citi

HSBC

JPMorgan

Standard Chartered Bank

Legal Advisors to the Issuer:

Herbert Smith Freehills

Legal Advisor to the Underwriter:

Allen & Overy

Financial Institutions Deal of the Year

1st -Albaraka Türk Katılım Bankası A.Ş.

US$205,000,000

February 2018

10.00%

RegS Private Placement Basel-3 Compliant Tier 1 Perpetual Sukuk

Bookrunners:

Bank ABC,

Emirates NBD

Noor Bank

Standard Chartered Bank

Qinvest

Legal Advisor to the Issuer

Norton Rose Fulbright

Paksoy

Legal Advisor to the JLMs:

Clifford Chance and Yegin Ciftci

2nd -Türkiye Vakiflar Bankasi T.A.O. (“VakifBank”)

US$650,000,000

January 2018

5.750%

Senior Unsecured Fixed Rate Notes due in January 2023

Bookrunners:

Legal Advisor to the Issuer:

Legal Advisor to the JLMs:

Legal Advisor to the Joint Lead Arrangers:

Allen & Overy

3rd -Akbank TAS

US$400,000,000

February 2018

6.797%

10NC5 Basel 3 Compliant Tier 2 Notes due in April 2028

Bookrunners:

HSBC Bank

BNP Praibas

Citi

Mizuho

MUFG

Societe Generale

Legal Advisors to the Issuer:

Legal Advisors to the JLMs:

Local Currency Bond/Sukuk Deal of the Year

1st- - Halk Varlik Kiralama Toprak Mahsulleri Ofisi

TRY100,000,000

July 2018

18.50%

Sukuk Al Wakalah Bil Istithmar due in October 2018

Bookrunners:

Halk Invest – Halk Yatirim?

Legal Advisor to the Issuer

Ayaz Law Firm

Legal Advisor to the JLMs:

Akol Ozok Namlı Attorney Partnership

2nd -Zorlu Osmangazi Enerji

TRY175,000,000

December 2017

Dual-Tranche Local Currency Bond due June 2019 and December 2020

2YTRYGB+475bp / 3MTRLIBOR +525bp

Lead Arranger:

Ak Investment

Legal Advisor to Anchor Investor

3rd -YDA Insaat Sanayi ve Ticaret

TRY400,000,000

December 2017

Dual-Tranche Local Currency Bond due February 2020 and March 2022

17.49% / 18.17%

Bookrunners:

Is Investment

Ziraat Yatrim –

Legal Advisors:

Gündüz Law Office

Bezen & Partners Law Office

Syndicated Loan Deal of the Year

1st -Akbank Turk A.S

EUR591,000,000 and US$285,000,000

Sept 2018

Dual-tranche Multi-Currency Syndicated Loan due in September 2019

Co-ordinators, Bookrunners and Mandated Lead Arrangers:

Standard Chartered Bank

ICBC Turkey Yatırım Menkul Değerler

Bank of America Merrill Lynch

2nd -Ciner Group

US$1,660,000,000

August 2018

Syndicated Loan due in August 2025

Mandated Lead Arrangers and Bookrunners:

DenizBank

Goldman Sachs

Bank of China

Türkiye İş Bankası

Legal Advisor to the JLMs:

White & Case

GKC Partners

Legal Advisers to the Borrower:

Morgan Lewis

DDEM Law

3rd -Karadeniz Energy Group

US$250,000,000

April 2018

Syndicated Medium-Term Loan Facility due in July 2022

Bookrunners:

Bank of America Merrill Lynch

Standard Chartered Bank

Bank ABC

ICBC Turkey

Credit Suisse

Siemens Bank

KEB Hana

Legal Advisor to the Borrower:

Clifford Chance

Legal Advisor to the JLMs:

Dentons

Power Finance Deal of the Year

1st -Soyak Group

US$167,600,000

March 2018

Cash and non-cash Project Finance Facility due in March 2030

Mandated Lead Arrangers:

T. Garanti Bankası A.Ş

Türkiye Sınai Kalkınma Bankası A.Ş.

Akbank T.A.Ş.

Legal advisor to the Borrower:

Selvi & Ertekin Attorney Partnership

Legal advisor to the JLMs:

Verdi Law Firm-

2nd-Maspo Enerji Sanayi ve Ticaret A.Ş.

US$183,000,000

July 2018

Structured Finance Facility (Including Conventional and Murabaha Facilities and Financial Leasing) due in July 2031

Bookrunners and Creditors:

T.C. Ziraat Bankası A.Ş.

T.C. Halk Bankası A.Ş.

Türkiye Vakıflar Bankası T.A.O.

Kuveyt Türk Katılım Bankası A.Ş.

Legal Advisor to the Borrowers

GSI Göksu Safi Işık Attorney Partnership

Legal Advisor to the JLMs:

Selvi Ertekin Law Office

3rd-Demirer Enerji Üretim San. ve Tic. A.Ş.

US$7,000,000 Commercial Loan, US$27,000,000 MidSEFF Loan and EUR48,000,000 Covered Loan

June 2018

Multi-tranche part ECA-backed project finance facility due in:

July 2027 (MidSEFF Loan)

October 2019 (Commercial Loan)

2033 (ECA-covered Loan)

Lenders:

Euler Hermes Aktiengeselschaft

Bayern LB

Akbank T.A.Ş.

Legal Advisers to the JLMs:

Çetinkaya Attorney Partnership

Structured Bond Deal of the Year

1st -Vakifbank

TRY1,330,000,000

October 2017

Currency Covered Bond due September 2023

13.76%

Bookrunners:

Credit Suisse

Legal Advisor to the Issuer:

Mayer Brown

Legal Advisor to the JLMs:

White & Case

GKC Partners

2nd -Halk Varlık Kiralama A.Ş / Halk GYO (Halk REIT)

TRY100,000,000

Dec 2017

13.25%

Sukuk Al-Wakala due in March 2028

Bookrunners:

Halk Yatırım Menkul Değerler A.Ş.

Legal Advisor to the Issuer:

Ayaz Law Firm

Legal Advisor to the JLMs:

Akol Ozok Namlı Attorney Partnership

3rd -Emlak Girisim A.S.

TRY100,000,000

March 2018

Gold yield + 2.80% Spread

Project Finance-backed Diminishing Sukuk al Musharaka due in March 2019

Arranger and Coordinator:

Aktifbank

Islamic Finance Deal of the Year

1st – Halk Varlik Kiralama Toprak Mahsulleri Ofisi

TRY100,000,000

July 2018

18.50%

Sukuk Al Wakalah Bil Istithmar due in October 2018

Bookrunners:

Halk Invest

Legal Advisor to the Issuer

Ayaz Law Firm

Legal Advisor to the JLMs:

Akol Ozok Namlı Attorney Partnership

2nd -Superonline İletişim Hizmetleri A.Ş. (Superonline) – Use Turkcell logo

TRY 125 Million

March 2018

13.67%

Local Wakalah Sukuk

Arranger:

Legal Advisors:

3rd-Albaraka Türk Katılım Bankası A.Ş.

US$205,000,000

February 2018

10.00%

RegS Private Placement Basel-3 Compliant Tier 1 Perpetual Sukuk

Bookrunners:

Bank ABC,

Emirates NBD

Noor Bank

Standard Chartered Bank

Qinvest

Legal Advisor to the Issuer

Norton Rose Fulbright

Paksoy

Legal Advisor to the JLMs:

Clifford Chance and Yegin Ciftci

Infrastructure Finance Deal of the Year

1st -Çanakkale Otoyol ve Köpüsü İnşaat Yatırım ve İşletme A.Ş. (ÇOKİYİ A.Ş.)

EUR 2,265,000,000

Amortising Term Loan due in March 2018

Sponsors:

Daelim

Limak

SK & EC

Yapi Merkezi

Finance Parties:

Akbank

Bank of China

Deutsche Bank

DZ Bank

EKF

K-EXIM

QNB Finansbank

Garanti Bank

ICIEC

ICBC

ING

Intesa Sanpaolo

Is Bankasi

KEB Hana Bank

Korea Development Bank

K-Sure

Kuwait Finance House

Kuveyt Turk Katilim Bankasi

Natixis

Samsung Life Insurance

Shinhan Bank

Siemens

Standard Chartered

Vakifbank

Yapi Kredi

2nd -ERG Otoyol Yatırım ve İşletme A.Ş. · Ankara-Niğde Motorway Project

EUR1,115,000,000

June 2018

Project Finance Facility due May 2031

Mandated Lead Arrangers:

Credit Suisse

Türkiye İş Bankası

Kuveyt Turk Participation Bank

Türkiye Vakıflar Bankası

Yapı ve Kredi Bankası A.Ş

Legal Advisor to the Borrower:

Çakmak Avukatlık Ortaklığı

White & Case LLP

Legal Advisor to the JLMs:

Clifford Chance and Yegin Ciftci

3rd -Izmir Metropolitan Municipality for Fahrettin Altay-Narlidere metro line -

EUR 80,000,000

June 2018

Loan due in June 2030

Lenders:

EBRD

Legal Advisor to the Lender:

Bezen & Partners

Transport Finance Deal of the Year:

1st ERG Otoyol Yatırım ve İşletme A.Ş. - Ankara-Niğde Motorway Project

EUR1,115,000,000

June 2018

Project Finance Facility due May 2031

Mandated Lead Arrangers:

Credit Suisse

Türkiye İş Bankası

Kuveyt Turk Participation Bank

Türkiye Vakıflar Bankası

Yapı ve Kredi Bankası A.Ş

Legal Advisor to the Borrower:

Çakmak Avukatlık Ortaklığı

White & Case LLP

Legal Advisor to the JLMs:

Clifford Chance and Yegin Ciftci

2nd -IKA Izmir Otoyol Yatırım ve Isletme A.S - type out logo

EUR288,400,000

March 2018

Syndicated Loan due in 2027

Mandated Lead Arrangers:

QNB Finansbank

Ziraatbank

Halkbank

Vakifbank

Legal Advisor to the Borrower:

Lexist Law Office

White & Case

Legal Advisor to the JLMs:

Ergun Law Office

Clifford Chance

3rd - Izmir Metropolitan Municipality for Fahrettin Altay-Narlidere metro

line -

EUR 80,000,000

June 2018

Loan due in June 2030

Lenders:

EBRD

Legal Advisor to the Lender:

Bezen & Partners

Real Estate Finance Deal of the Year

1st -Halk Varlık Kiralama A.Ş / Halk GYO (Halk REIT)

TRY100,000,000

Dec 2017

13.25%

Sukuk Al-Wakala due in March 2028

Bookrunners:

Halk Yatırım Menkul Değerler A.Ş.

Legal Advisor to the Issuer:

Ayaz Law Firm

Legal Advisor to the JLMs:

Akol Ozok Namlı Attorney Partnership

2nd -Rönesans Gayrimenkul Yatırım A.Ş.

US$300,000,000

April 2018

7.250%

Senior Unsecured 144a/Reg S Notes due April 2023

Joint Lead Managers:

ING Bank

UniCredit

BNP Paribas

HSBC

JP Morgan

Joint Bookrunners:

BNP Paribas

HSBC

JPMorgan

Legal Advisors to the Issuer:

Gedik & Eraksoy

Allen & Overy

Legal Advisors to the JLMs:

Akol Law-

Latham & Watkins

3rd- Ersoy Otelcilik İnş. Ve Turz. İşl. A.Ş. – TYPE LOGO

EUR115,000,000

March 2018

Refinancing of Hotels Investments Loans due in June 2026

Mandated Lead Arranger:

QNB Finansbank

IPO/Equity Capital Markets Deal of the Year

1st-Şok Markletler A.Ş

TRY 2,294,250,000 (US$530m)

May 2018

Initial Public Offering (Sale of 218,500,000 new shares)

Global Coordinators:

ÜNLÜ & Co

Bank of America Merrill Lynch

Credit Suisse

JP Morgan

Global Bookrunners:

Citigroup

Unicredit Corporate and Investment Banking

Domestic Coordinator & Bookrunner:

Garanti Securities

Legal Advisors to Issuer:

Herbert Smith Freehills LLP

Legal Advisor to Bookrunners:

White & Case

GKC Partners

2nd-MLP Saglik Hizmetleri A.S.

TRY 1,384,000,000 (USD 366m)

Use of Proceeds: “The Company and the Selling Shareholders expect to receive gross proceeds of TL 1,384 million from the Offering.” IOC pg.4

February 2018

Initial Public Offering (Sale of 72,833,333 shares)

Joint Global Coordinators and Bookrunners:

HSBC

Goldman Sachs

JPMorgan

International Bookrunner:

Bank of America Merrill Lynch

Domestic Coordinator and Bookrunner:

AK Investment

Legal Advisor to the Issuer

Baker McKenzie

Esin Attorney

Legal Advisor to the JLMs:

White & Case

GKC Partners

3rd - Enerjisa Enerji A.Ş. (“Enerjisa”)

TRY1,500,000,000 (US$393,000,000)

February 2018

Initial Public Offering (Sale of 23,600,000,000 shares)

Senior Global Coordinator and Bookrunner:

Citi

Global Coordinator and Bookrunner:

HSBC

Senior Global Bookrunner:

Bank of America Merrill Lynch

Global Bookrunner:

Deutsche Bank

Domestic Coordinator and Bookrunner:

AK Investment

Legal Advisor to the Issuer:

White & Case

GKC Partners

Legal Advisor to the JLMs:

Herbert Smith

Paksoy

ECA/Export Finance Deal of the Year:

1st - Akfen Yenilenebilir Enerji A.Ş

UD$260,000,000

July 2018

Syndicated Loan (ECA-backed + commercial loan) due in 2033

ECA:

EKF

LG Issuers:

Garanti

İşbank

Vakıfbank,

Yapikedit

Commercial Lenders:

EBRD

ECA Lender:

KfW IPE

Legal Advisor to Commercial Lenders and LG Issuers:

Clifford Chance and Yegin Ciftci

Legal Advisor to the Sponsors

Latham & Watkins

ASC

Legal Advisor to the ECA Lender:

Freshfields

Bezen & Partners

2nd -Turk EXIMBANK

US$140,000,000 and EUR348,000,000

July 2018

Syndicated, multicurrency 95% MIGA Covered Term Loan Facilities due in July 2028

ECA Lender:

MIGA

Joint Lead Manager, Documentation Bank and ECA Coordinator/Agent:

Standard Chartered Bank

Joint Lead Manager:

BNP Paribas

Legal Advisor to the Borrower:

Clifford Chance and Yegin Ciftci

3rd -Demirer Enerji Üretim San. ve Tic. A.Ş.

US$7,000,000 Commercial Loan, US$27,000,000 MidSEFF Loan and EUR48,000,000 ECA-Covered Loan

June 2018

Multi-tranche part ECA-backed project finance facility due in:

July 2027 (MidSEFF Loan)

October 2019 (Commercial Loan)

2033 (ECA-covered Loan)

Lenders:

Euler Hermes Aktiengeselschaft

Bayern LB

Akbank T.A.Ş.

Legal Advisers to the JLMs:

Çetinkaya Attorney Partnership

Natural Resources Finance Deal of the Year:

1st -Tümad Madencilik

US$210,000,000

December 2017

5.5 year Development Loan Facility with a 2-year grace period, full recourse to the Sponsor, due June 2023

Sponsor:

Nurol

Bookrunners

Akbank

Ziraat Bankasi

EBRD

Legal Advisor to the Sponsor

Hergüner Bilge Özeke

Legal Advisor to the JLMs:

White & Case

GKC Partners

2nd - Akfen Yenilenebilir Enerji A.Ş

UD$260,000,000

July 2018

Syndicated Loan (ECA-backed + commercial loan) due in 2033

ECA:

EKF

LG Issuers:

Garanti

İşbank

Vakıfbank,

Yapikedit

Commercial Lenders:

EBRD

ECA Lender:

KfW –IPEX

Legal Advisor to Commercial Lenders and LG Issuers:

Clifford Chance and Yegin Ciftci

Legal Advisor to the Sponsors

Latham & Watkins

ASC

Legal Advisor to the ECA Lender:

Bezen & Partners

Freshfields

3rd-Entek Elektrik

Menzelet Kilavuzlu

US$106,000,000 and TRY646,250,000 Cash Facilities and

TRY1,057,485,000 Non-cash Facility

March 2018

Mandated Lead Arrangers:

Türkiye Garanti Bankasi A.Ş.

Yapi ve Kredi Bankasi A.Ş.

Türkiye Iş Bankasi A.Ş.

EBRD

ICBC Turkey

Unicredit S.p.A.

Akbank T.A.Ş.

Legal Advisors to the Borrower:

Dentons

Balcıoğlu Selçuk Akman Keki Avukatlık Ortaklığı

Legal Advisors to the JLMs:

Clifford Chance and Yegin Ciftci

Structured Loan Deal of the Year:

1st-Turkcell, Superonline, Turkcell Finansman, Lifecell

USD 690million,

March 2018

Restructuring of Turkcell’s 10-year China Development Bank Loan Facility into a Multi-Borrower (Turkcell, Superonline, Turkcell Finansman, Lifecell Ukraine), Multi-Currency (EUR, USD, RMB) and Multi-Jurisdiction (Turkey, Ukraine, China) Structured Facility

E+2.20% (EUR), L+2.22% (USD), 5.51% (RMB)

Lender:

Legal Advisors:

2nd-Karadeniz Energy Group

US$250,000,000

April 2018

Syndicated Medium-Term Loan Facility due in July 2022

Bookrunners:

Bank of America Merrill Lynch

Standard Chartered Bank

Bank ABC

ICBC Turkey

Credit Suisse

Siemens Bank

KEB Hana

Legal Advisor to the Borrower:

Clifford Chance

Legal Advisor to the JLMs:

Dentons

3rd- Turkuaz Petrol Ürünleri A.Ş.

EUR77,000,000 and US$131,000,000

February 2018

EUR77m Acquisition Loan and US$131m Working Capital Fully Amortising Facilities due in April 2029

Lenders:

EBRD

TSKB

Facility Agent and Security Agent

T. Is Bankasi A.Ş.

Legal Advisors to the Borrowers:

The AK Law Firm

Legal Advisors to the Lenders:

Yegin Ciftci and Clifford Chance

M&A/Acquisition Finance Deal of the Year

1st -Entek Elektrik

Menzelet Kilavuzlu

US$106,000,000 and TRY646,250,000 Cash Facilities and

TRY1,057,485,000 Non-cash Facility

March 2018

Mandated Lead Arrangers:

Türkiye Garanti Bankasi A.Ş.

Yapi ve Kredi Bankasi A.Ş.

Türkiye Iş Bankasi A.Ş.

EBRD

ICBC Turkey

Unicredit S.p.A.

Akbank T.A.Ş.

Legal Advisors to the Borrower:

Dentons

Balcıoğlu Selçuk Akman Keki Avukatlık Ortaklığı

Legal Advisors to the JLMs:

Clifford Chance and Yegin Çiftçi

2nd -Turkuaz Petrol Ürünleri A.Ş.

EUR77,000,000 and US$131,000,000

February 2018

EUR77m Acquisition Loan and US$131m Working Capital Fully Amortising Facilities due in April 2029

Lenders:

EBRD

TSKB

Facility Agent and Security Agent

T. Is Bankasi A.Ş.

Legal Advisors to the Borrowers:

The AK Law Firm

Legal Advisors to the Lenders:

Yegin Ciftci and Clifford Chance

3rd – The Acquisition of Avis Greece by Otokoç

Otokoç Otomotiv Tic. Ve San. A.Ş.

35,5 mn€ (40 mn$)12.03.2018

Acquisition Finance Loan due in 2023

Project Finance Deal of the Year

1st -Çanakkale Otoyol ve Köpüsü İnşaat Yatırım ve İşletme A.Ş. (ÇOKİYİ A.Ş.)

EUR 2,265,000,000

Amortising Term Loan due in March 2018

Sponsors:

Daelim

Limak

SK & EC

Yapi Merkezi

Finance Parties:

Akbank

Bank of China

Deutsche Bank

DZ Bank

EKF

K-EXIM

QNB Finansbank

Garanti Bank

ICIEC

ICBC

ING

Intesa Sanpaolo

Is Bankasi

KEB Hana Bank

Korea Development Bank

K-Sure

Kuwait Finance House

Kuveyt Turk Katilim Bankasi

Natixis

Samsung Life Insurance

Shinhan Bank

Siemens

Standard Chartered

Vakifbank

Yapi Kredi

2nd -Menzelet Kılavuzlu Elektrik Üretim

TRY1,530,000,000 and US$399,9000,000

March 2018

Fix and floating price TL loan due in March 2031

Bookrunners:

EBRD

Unicredit

ICBC

Isbank

Akbank

Garanti

Yapı Kredi

Legal Advisor to the bookrunner:
Clifford Chance and Yegin Ciftci

3rd-Maspo Enerji Sanayi ve Ticaret A.Ş.

US$183,000,000

July 2018

Structured Finance Facility (Including Conventional and Murabaha Facilities and Financial Leasing) due in July 2031

Bookrunners and Creditors:

T.C. Ziraat Bankası A.Ş.

T.C. Halk Bankası A.Ş.

Türkiye Vakıflar Bankası T.A.O.

Kuveyt Türk Katılım Bankası A.Ş.

Legal Advisor to the Borrowers

GSI Göksu Safi Işık Attorney Partnership

Legal Advisor to the JLMs:

Selvi Ertekin Law Office