Akbank $1.2 billion multicurrency dual tranche syndicated term loan facilities

23/3/2017
Financing

$ 1.202 billion

Completed

23/3/2017


Overview:

  • Akbank has secured $1.2 billion multicurrency dual tranche syndicated term loan facilities from a syndicate of international banks.
  • The deal was structured as a $404,512,884 tranche and €738,271,106 tranche.
  • The lenders included 38 banks, with 19 bookrunners and mandated lead arrangers, three lead arrangers and 16 arrangers.
  • Abu Dhabi Commercial Bank, The Arab Investment Company, Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, China Development Bank Corporation, Citibank, Commerzbank, Deutsche Bank, Emirates NBD Capital, HSBC, Industrial and Commercial Bank of China, ING, JPMorgan, Mizuho Bank, Natixis, Société Générale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation acted as joint bookrunners and mandated lead arrangers.
  • The Bank of New York Mellon, Banca UBAE and Wells Fargo Bank served as lead arrangers.
  • The other arrangers were Axis Bank, Banca popolare dell’Emilia Romagna (Europe) International, Banco de Sabadell, CaixaBank, CoBank, Credit Suisse, DZ Bank, Goldman Sachs, Habib Bank, Intesa Sanpaolo, KfW IPEX-Bank, Mashreq Bank, Raiffeisen Bank International, UBI Banca, Union De Banques Arabes Et Francaises and Zürcher Kantonalbank.
  • This was Akbank's second significant capital raising in quick succession, following its $500 million Tier 2 notes issue just over a week prior to this.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Financing

Practice area:

Banking

Governing law:

Turkey

Industry sector:

Banking


Firms:

Party: Akbank (Borrower)


Party: Abu Dhabi Commercial Bank (Bookrunner, Mandated lead arranger)

Party: Bank of America Merrill Lynch (Bookrunner, Mandated lead arranger)

Party: The Bank of Tokyo-Mitsubishi UFJ (Bookrunner, Mandated lead arranger)

Party: BNP Paribas (Bookrunner, Mandated lead arranger)

Party: China Development Bank (Bookrunner, Mandated lead arranger)

Party: Citibank (Bookrunner, Mandated lead arranger)

Party: Commerzbank AG (Bookrunner, Mandated lead arranger)

Party: Deutsche Bank (Bookrunner, Mandated lead arranger)

Party: HSBC (Bookrunner, Mandated lead arranger)

Party: Industrial and Commercial Bank of China Ltd (Bookrunner, Mandated lead arranger)

Party: ING (Bookrunner, Mandated lead arranger)

Party: JPMorgan Chase (Bookrunner, Mandated lead arranger)

Party: Mizuho Bank (Bookrunner, Mandated lead arranger)

Party: Natixis (Bookrunner, Mandated lead arranger)

Party: Société Générale (Bookrunner, Mandated lead arranger)

Party: Standard Chartered Bank (Bookrunner, Mandated lead arranger)

Party: Sumitomo Mitsui Banking Corporation (Bookrunner, Mandated lead arranger)

Party: The Bank of New York Mellon (Lead arranger)

Party: Wells Fargo Bank (Lead arranger)

Party: Axis Bank (Arranger)

Party: Banca Popolare dell'Emilia Romagna - BPER (Arranger)

Party: Banco de Sabadell (Arranger)

Party: Caixabank (Arranger)

Party: CoBank (Arranger)

Party: Credit Suisse (Arranger)

Party: DZ Bank Deutsche Zentral-Genossenschaftsbank (Arranger)

Party: Goldman Sachs (Arranger)

Party: Habib Bank (Arranger)

Party: Intesa Sanpaolo (Arranger)

Party: KfW IPEX-Bank (Arranger)

Party: Mashreq Bank (Arranger)

Party: Raiffeisen Bank International (Arranger)

Party: UBI Banca (Arranger)

Party: Union de Banques Arabes et Francaises (Arranger)

Party: Zürcher Kantonalbank (Arranger)

Party: The Arab Investment Company (TAIC) (Bookrunner, Mandated lead arranger)

Party: Emirates NBD Capital (Bookrunner, Mandated lead arranger)

Party: Banca UBAE (Lead arranger)