Sait Eryılmaz

Sait Eryılmaz heads the Finance practice of the Firm. He is specialised in banking and finance transactions, with a particular focus on project finance and structured finance.

Over the past years Sait has held a key position at the forefront of Turkish infrastructure and energy transactions, taking part in many notable projects including PPPs. He has been acting for banks, ECAs, Islamic and conventional financial institutions, sponsors and other transaction parties in domestic and international project financings, including PPPs, infrastructure, transportation (roads, railways and airports) energy projects, oil and gas, and privatisations.

Sait holds an extensive experience in finance including restructurings, syndicated financings, project financings, Islamic financings, securitisations and other structured financings along with representing issuers and underwriters in both debt and equity offerings including eurobond, sukuk and covered bond offerings in and outside Turkey.

• TAV Airports and Fraport AG on the €2.5 billion long-term refinancing of Antalya Airport
• Fraport and TAV Airports on €1.225 billion bridge financing for the capacity expansion of Antalya Airport and subsequent €658 million bridge and DFI loan
• the lenders on the financing of approx. €1 billion provided to FNS Otoyol Yatırım ve İşletme A.Ş. for the Ankara-Kırıkkale-Delice Motorway Project, developed under the Build-Operate-Transfer (BOT) model
• the lenders (including U.S. International Development Finance Corporation (DFC) on Euler-Hermes backed financing up to US$1.012 billion for Enerjisa Enerji for the development of 9 onshore WPPs with a combined capacity of 750MW, under the YEKA 2 framework
• the consortium of MAPA, Limak and CRRC on the US$5.6 billion Dubai Metro Blue Line Project
• the joint bookrunners on Türk Telekom's US$600 million Green Notes issuance and US$600 million Sukuk issuance, marking the first corporate sukuk out of Türkiye
• the Joint Bookrunners on Vakıf Katılım’s inaugural AT1 sukuk issuance, valued at US$500 million, marking the largest capital-qualifying sukuk ever executed by a participation bank in Türkiye
• the lenders (EBRD, AIIB, DEG, ICD, Proparco, and the DBK) on the €365 million financing of Kokshetau Hospital in Kazakhstan, marking the first healthcare PPP in Central Asia
• TAV Airports on the €342 million long-term financing for the Ankara Esenboğa Airport
• Çimko on its debut US$300 million Eurobond offering
• the lenders on the ICIEC-covered financing for the Çeşmeli-Kızkalesi section of the Çeşmeli-Erdemli-Silifke-Taşucu Motorway Project, developed under the Build-Operate-Transfer (BOT) model
• the lenders on the CESCE-covered financing of a propane storage terminal in Ceyhan, Türkiye, sponsored by Rönesans Holding and Stolthaven Terminals
• the arranger (ADCB) in respect of the inaugural social loan for Türkiye’s Disaster Reconstruction Fund to finance public sector recovery, reconstruction, and infrastructure projects in regions affected by the recent earthquakes in the Republic of Türkiye
• the Joint Global Coordinators and Joint Bookrunners on the debut international sukuk issuance by TVF Varlık Kiralama A.Ş. With TVF İFM Gayrimenkul İnşaat ve Yönetim A.Ş. as obligor and Türkiye Wealth Fund as guarantor. This 5-plus year Sukuk achieved a 6.95% profit rate and was over four times oversubscribed
• Avesoro on strategic portfolio acquisition and alliance in Morocco

• Islamic finance
• Capital markets: Debt
• Project bonds
• Project finance
• Structured finance/securitisation

• Banking
• Energy
• Natural resources
• Oil and gas
• Social infrastructure

• LL.B., Istanbul Bilgi University, Faculty of Law, 2009