Bonds & Loans Awards 2018 - Turkey | GFC Media Group | 6 October 2017 | Shangri-La Bosphorus, Istanbul, Sinanpaşa Mah., Hayrettin İskelesi Sokak No:1, 34353 Beşiktaş/İstanbul, Turkey

Bringing together the industry’s most high-profile figures, the Awards are an opportunity to raise the profile of Turkey’s financial markets with the international investment community, and to inspire future issuance by Turkish companies. The Bonds & Loans Awards is the foremost industry ceremony in Turkey to celebrate outstanding achievement in the Bonds and Loans markets.

Syndicated Loan Deal of the Year:

WINNER: Aksa Dogalgaz Dagitim & Kazanci Holding
August 2016
US$800,000,000
Multi-Tranche Syndicated Loan due in August 2022 and August 2026
Bookrunners: Garanti, Halk Bank, IS Bank, Odea Bank, TSKB, Vakifbank, Ziraat Bank
Legal Adviser to Borrower: Çakmak - Gökçe Avukatlık Bürosu
Legal Adviser to Bookrunners: Yazici Legal

RUNNER UP: Türk Telekom
November 2015
US$830,000,000
USD/EUR Multi-Currency Dual Tranche Club Loan due in November 2020
Global Coordinator: Bank of America Merill Lynch
Mandated Lead Arrangers: Bank of China, BNP Paribas, Citi, HSBC, ING, Intesa SanPaolo, JP Morgan, Mediobanca, Mizuho, MUFG, Societe Generale, SMBC
Lead Arranger: Deutsche Bank
Legal Advisers to Issuer: Norton Rose
Legal Adviser to Joint Lead Managers: Paksoy, Reed Smith

FINALIST: Turkcell
September 2015
US$500,000,000 and €445,000,000
Multi-Currency Club Loan due in September 2020
Bookrunners: BNP Paribas, Citi, HSBC, ING, Intesa SanPaolo
Legal Adviser to Issuer: Allen & Overy
Legal Advisers to Join Lead Managers: Linklaters, Paksoy

International Bond Deal of the Year

WINNER: Vakifbank
May 2016
€500,000,000
RegS Mortgage-backed Covered Bond 2.35% due in May 2021
Bookrunners: Barclays, BNP Paribas, Erste Group, Natixis, UniCredit,
Legal Advisers to Issuer: Mayer Brown, Yazici Legal
Legal Advisers to Joint Lead Managers: Çakmak-Gökçe Avukatlık Bürosu, White & Case

RUNNER UP: TSKB (Industrial Development Bank of Turkey)
May 2016
US$300,000,000
Senior Unsecured Green Bond 4.875% due in May 2021
Global Coordinators: BNP Paribas, Citi, HSBC, Standard Chartered,
Bookrunners: Commerzbank, ING, Unicredit
Legal Advisers to Issuer: Linklaters, Paksoy
Legal Advisers to Joint Lead Managers: Allen & Overy, Gedik Eraksoy

FINALIST: Koc Holding
March 2016
US$750,000,000
Senior Unsecured Bond 5.25% due in March 2023
Bookrunners: BNP Paribas, Citi, HSBC, JPMorgan,
Legal Advisers to Issuer: Clifford Chance/Yegin Ciftci
Legal Advisers to Joint Lead Managers: Allen & Overy, Gedik Eraksoy

Trade & Export Finance Deal of the Year

WINNER: Tofas Turk Otomobil Fabrikasi
August 2015
€200,000,000
ECA-covered Loan Facility due in December 2022
Export Credit Agency: SACE
Mandated Lead Arrangers: HSBC, ING
Legal Advisers to Borrower: Clifford Chance/Yegin Ciftci
Legal Advisers to Joint Lead Managers: Allen & Overy, Gedik & Eraksoy

RUNNER UP: Turkish Airlines
May 2016
JPY16,800,000,000
Dual-Tranche Ex-Im Guaranteed French Tax Lease due in September 2027
Mandated Lead Arranger: BNP Paribas
Security Agent: Wells Fargo
Legal Adviser to Borrower: Pillsbury Winthrop Shaw Pittman
Legal Advisers to Joint Lead Managers: Milbank, Norton Rose

FINALIST: Acıbadem Saglik Hizmetleri ve Ticaret
May 2016
€36,100,000
Trade Finance Facility due in May 2017
Export Credit Agency: Euler Hermes
Mandated Lead Arranger: ING Diba
Legal Adviser to Joint Lead Managers: Baker & McKenzie

Local Bond Deal of the Year

WINNER: YDA Insaat Sanayi ve Ticaret
July 2016
TRY250,000,000
Dual-Tranche Bond 13.2474% and 14.2880% due in July 2018 and July 2020
Mandated Lead Arranger: AK Investment
Anchor Investor: EBRD
Legal Adviser to Issuer: Gunduz Hukuk Borosu
Legal Adviser to Anchor Investor: Bezen & Partners

RUNNER UP: Ronesans Holding
January 2016
TRY200,000,000
Bond 15.47% due in January 2019
Sole Bookrunner: AK Investment
Anchor Investor: EBRD
Legal Advisers to Issuer: Baker & Mckenzie / Esin Attorney Partnership

FINALIST: Aksa Enerji Üretim
June 2016
TRY200,000,000
Dual-Tranche Bond 13.54% and 14.78% due in June 2018 and June 2019
Mandated Lead Arranger: Ak Investment
Anchor Investor: EBRD
Legal Adviser to Issuer: Balcıoğlu Selçuk Akman Keki Avukatlık Ortaklığı

M&A Acquisition Finance Deal of the Year

WINNER: Canakci HES Elektrik Uretim (Crescent Capital)
January 2016
US$95,000,000
Multi-tranche (Senior and Mezzanine) Conventional and Murabaha Term Facility for Acquisition and operation of Canakci and Akocak Hydroelectirc Power Plant due in June 2030
Mandated Lead Arrangers: Garanti Bankasi, Qinvest LLC
Technical Advisers: Parsons Brinckerhoff, Maken
Financial Adviser: E&Y
Tax Adviser: Eratalar
Insurance Adviser: Marsh
Environmental Adviser: ELC Royal Haskoning
Legal Adviser to Borrower: Balcioğlu Selçuk Akman Keki Attorney Partnership
Legal Advisers to Joint Lead Managers: White and Case, Çakmak-Gökçe Avukatlık Bürosu, Çakmak Avukatlık Ortaklığı, Norton Rose, Paksoy

RUNNER UP: Oyak Group
February 2016
US$450,000,000
Acquisition Finance Facility for Acquisition of Almatis due in February 2023
Mandated Lead Arrangers: AKbank, Garanti
Legal Adviser to Borrower: Linklaters
Legal Adviser to Joint Lead Managers: Clifford Chance

FINALIST: Ciner Enterprises Incorporation/Akkan Enerji Madencilik A.Ş. (Park Holding)
March 2016
US$400,000,000
Dual-Tranche Term Loan for the Acquisition of OCI Resources LP due in March 2026
Mandated Lead Arranger: IS Bank
Legal Adviser to Borrower: White & Case
Legal Adviser to Joint Lead Managers: Weil, Gotshal & Manges, Çakmak-Gökçe Avukatlık Bürosu

Infrastructure Finance Deal of the Year:

WINNER: Galataport (Salıpazarı Liman İşletmeciliği ve Yatırımları Anonim Şirketi, Doğuş Holding)
August 2016
€1,020,000,000
Project Finance Loan due in August 2030
Sponsors: Dogus Holding, BLG Gayrimenkul Yatirimlari ve Ticare (Bilgili)
Mandated Lead Arrangers:, Garanti Bank, Finansbank, IsBank, TSKB, YapıKredi, Ziraat Bank
Technical Adviser: Arup
Market DD: Cushman & Wakefield
Cruise Port DD: GP Wild
Business Model DD: E&Y
Environment DD and Adviser to Joint Mandated Lead Arrangers: Golder Associates
Legal Adviser to Borrower: Verdi Law
English Law Legal Adviser to Joint Led Managers: Clifford Chance
Turkish Law Legal Adviser to Joint Mandated Lead Arrangers: ASC LaW
Insurance DD and Adviser to Joint Mandated Lead Arrangers: AoN
Insurance Adviser to Borrower: Marsh

RUNNER UP: Konya Healthcare (YDA İnşaat San. ve Tic)
February 2016
€354,000,000 (Debt: €265m, Equity: €89m)
Conventional and Shari’ah Compliant Dual-Tranche PPP Project Finance Structured Loan due in October 2034
Mandated Lead Arrangers: BSTDB, EBRD, Islamic Development Bank, Siemens Bank, UniCredit
Technical Adviser: BTY Group
Insurance Adviser: JLT Group, AON
Legal Adviser to Borrower: Akol Özok Namlı Attorney Partnership, Gunduz Law Office
Legal Adviser to Joint Lead Managers: Allen & Overy, Gedik Eraksoy Law Office

FINALIST: Eskisehir Sehir Hastanesi (Akfen Insaat)
August 2016
€442,000,000
Multi-Tranche PPP Project Finance Loan due in June 2034
Concessionaire: Ministry of Health
Mandated Lead Arrangers: Garanti, IS Bank
Technical Adviser: Dolsar
Model Auditor: KPMG
Legal Adviser to Borrower: Fidan & Fidan
Legal Adviser to Lenders: Çakmak-Gökçe Avukatlık Bürosu, Çakmak Avukatlık Ortaklığı

Transport Finance Deal of the Year
WINNER: Third İstanbul Airport Project (IG A Havalimanı İşletmesi)
November 2015
€4,480,000,000
Project Finance Loan due in November 2031
Sponsors: Cengiz Insaat Sanayi ve Ticaret, Kolin Insaat Turizm Sanayi, Kalyon Insaat Sanayi ve Ticaret
Mandated Lead Arrangers: Ziraat - Vakıf

Halk – Deniz

Qnb Finans – Garanti

Legal Adviser to Borrower: Göksu Safi Işık Avukatlık Ortaklığı
Legal Adviser to Joint Lead Managers: Çakmak-Gökçe Avukatlık Bürosu, Çakmak Avukatlık Ortaklığı

RUNNER UP: Galataport (Salıpazarı Liman İşletmeciliği ve Yatırımları Anonim Şirketi, Doğuş Holding)
August 2016
€1,020,000,000
Project Finance Loan due in August 2030
Sponsors: Dogus Holding, BLG Gayrimenkul Yatirimlari ve Ticaret
Mandated Lead Arrangers:, Garanti Bank, Finansbank, IsBank, TSKB, YapıKredi, Ziraat Bank
Technical Adviser: Arup
Market DD: Cushman & Wakefield
Cruise Port DD: GP Wild
Business Model DD: E&Y
Environment DD and Adviser to Joint Lead Managers: Golder Associates
Legal Adviser to Borrower: Verdi Law
English Law Legal Adviser to Joint Lead Managers: Clifford Chance
Turkish Law Legal Adviser to Joint Lead Managers: ASC LaW
Insurance DD and Adviser to Joint Lead Managers: AoN
Insurance Adviser to Borrower: Marsh

FINALIST: Turkish Airlines
May 2016
€430,000,000
Dual-Tranche Ex-Im Guaranteed French Tax Lease with Bridge Loan due in May 2028 and August 2028
Mandated Lead Arranger: Credit Agricole CIB
Security Agents: Wells Fargo
Legal Adviser to Borrower: Pillsbury Winthrop Shaw Pittman
Legal Advisers to Joint Lead Managers: Milbank, Norton Rose

Natural Resources Finance Deal of the Year:

WINNER: “Kadıncık I-II HEPP (IC İçtaş Enerji)
July 2016
US$720,000,000
Dual Currency (USD/TRY) Multi-Tranche Loan for Acquisition of Kadıncık HEPPs from Privatisation Authority and Refinancing of Existing HEPP Portfolio due in June 2030
Mandated Lead Arranger & Facility Agent: Garanti
Mandated Lead Arranger & Security Agent: YapiKredi
Mandated Lead Arrangers: Akbank, Turkiye IS Bank, Vakiflar, Ziraat
Technical Advisers: EMD, Enerji Merkezi, AF Mercados Turkey
Legal Advisers to Joint Lead Managers: Çakmak-Gökçe Avukatlık Bürosu, White & Case, Çakmak Avukatlık Ortaklığı

RUNNER UP: Canakci HES Elektrik Uretim (Crescent Capital)
January 2016
US$95,000,000
Multi-tranche (Senior and Mezzanine) Conventional and Murabaha Term Facility for Acquisition and operation of Canakci and Akocak Hydroelectirc Power Plant due in June 2030
Mandated Lead Arrangers: Garanti Bankasi, Qinvest LLC
Technical Advisers: Parson Brinckerhoff, Maken
Financial Adviser: E&Y
Tax Adviser: Eratalar (JPEG)
Insurance Adviser: Marsh
Environmental Adviser: ELC Royal Haskoning
Legal Adviser to Borrower: Balcioğlu Selçuk Akman Keki Attorney Partnership
Legal Advisers to Joint Lead Managers: Cakmak – Gokce, Norton Rose, Paksoy, White and Case, Çakmak Avukatlık Ortaklığı

FINALIST: Öksüt Madencilik Sanayi ve Ticaret (Centerra Gold Inc)
May 2016
US$150,000,000
Project Finance Syndication due in December 2021
Mandated Lead Arranger: Unicredit, EBRD
Technical Adviser: SRK Consulting
Model Auditor: Grant Thornton
Insurance Consultant to Lenders: JLT Specialty
Legal Adviser to Borrower: Norton Rose
Legal Adviser to Joint Lead Managers: Mayer Brown, Paksoy

Structured Finance Deal of the Year:

WINNER: TSKB (Industrial Development Bank of Turkey)
May 2016
US$300,000,000
Senior Unsecured Green Bond 4.875% due in May 2021
Global Coordinators: BNP Paribas, Citi, HSBC, Standard Chartered
Bookrunners: Commerzbank, ING, Unicredit
Legal Advisers to Issuer: Linklaters, Paksoy
Legal Advisers to Joint Lead Managers: Allen & Overy, Gedik Eraksoy

RUNNER UP: Anatolia Pass Through Trust (Turkish Airlines)
September 2015
JPY11,939,000,000
Triple-Tranche Asset-Backed Private Placement 1.228%, 1.489% and 2.214% due in September 2027, September 2024 and September 2022
Bookrunner & Structuring Agent: Mizuho
Sales Agent: Development Bank of Japan Securities
Legal Adviser to Borrower: Pillsbury Winthrop Shaw Pittman
Legal Advisers to Joint Lead Managers: Clifford Chance, Dikici Law, Nishimura & Asahi

FINALIST: Akenerji (Akenerji Elektrik Uretim)
September 2015
US$1,100,000,000
12-year with a 1-year Grace Period Restructuring and Refinancing Facility due in September 2027
Mandated Lead Arranger: Yapi Kredi,
Technical Adviser: APLUS Energy Investment Consultancy
Legal Adviser to Issuer: ASC Avukatlık Ortaklığı
Legal Adviser to Joint Lead Managers: Verdi Avukatlık Ortaklığı

Financial Institutions Financing Deal of the Year:

WINNER: Vakifbank
May 2016
€500,000,000
RegS Mortgage-backed Covered Bond 2.35% due in May 2021
Bookrunners: Barclays, BNP Paribas, Erste Group, Natixis, UniCredit,
Legal Advisers to Issuer: Mayer Brown, Yacici Legal
Legal Advisers to Joint Lead Managers:, Çakmak-Gökçe Avukatlık Bürosu, White & Case

RUNNER UP: Halk Bank
July 2016
US$500,000,000
Senior Unsecured Bond 5.0% due in July 2021
Bookrunners: Citi, Goldman Sachs, HSBC, Unicredit, Bank ABC, EmiratesNBD,
Legal Advisers to Issuer: Herbert Smith Freehills, Guner Law
Legal Advisers to Joint Lead Managers: Allen & Overy, Gedik & Eraksoy

FINALIST: Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB)
June 2016
€237,500,000 and US$ 12,500,000
Multi-Currency Syndicated Facility due in June 2017
Mandated Lead Arrangers, Bookrunners & Investment Agents: Bayern LB, Commerzbank,
Mandated Lead Arrangers & Bookrunners: BNP Paribas, Citi, HSBC, ING, The Korea Development Bank, Raiffeisen, Société Générale, Standard Chartered, UniCredit
Lead Arranger: Credit Suisse
Deal Managers: Banka Kombetare Tregtare, Intesa San Paolo, JPMorgan, WGZ Bank
Legal Advisers to Issuer: Linklaters, Paksoy, Yazıcı Legal,
Legal Adviser to Joint Lead Managers: Baker & McKenzie

Islamic Capital Markets Deal of the Year:

WINNER: AlBaraka Turk Participation Bank
November 2015
US$250,000,000
Basel 3-compliant Tier II Sukuk due in November 2025
Global Coordinator & Bookrunner: Standard Chartered
Bookrunners: Barwa Bank, Dubai Islamic Bank, Emirates NBD Capital, Nomura, Noor Bank, QInvest
Legal Advisers to Issuer: Norton Rose, Paksoy,
Legal Advisers to Joint Lead Managers: Clifford Chance/Yegin Ciftci

RUNNER UP: Kuveyt Türk
February 2016
US$350,000,000
Basel 3-compliant Tier II Sukuk due in February 2026
Global Coordinator & Bookrunner: KFH Capital
Bookrunners: ADIB, KFH Capital, Dubai Islamic Bank, Emirates NBD, HSBC, KAMCO, Noor Bank, QInvest.
Legal Advisers: King & Spalding, Clifford Chance/Yegin Ciftci

FINALIST: Aktif Bank
August 2016
US$20,000,000
Murabaha Facility due in August 2019
Lender: The Islamic Corporation for the Development of the Private Sector
Legal Advisers to Lenders: Esin Attorney Partnership, Baker & McKenzie

Project Finance Deal of the Year:

WINNER: Konya Healthcare (YDA İnşaat San. ve Tic)
February 2016
€354,000,000 (Debt: EUR265m, Equity: EUR89m)
Conventional and Shari’ah Compliant Dual-Tranche PPP Project Finance Structured Loan due in October 2034
Mandated Lead Arrangers: BSTDB, EBRD, Islamic Development Bank, Siemens Bank, UniCredit
Technical Adviser: BTY Group
Insurance Adviser: JLT Group, AON
Legal Advisers to Borrower: Akol Özok Namlı Attorney Partnership, Gunduz Law Office
Legal Advisers to Joint Lead Managers: Allen & Overy, Gedik Eraksoy Law Office

RUNNER UP: Kremna Enerji Üretim ve Ticaret (Gama Enerji)
June 2016
US$132,000,000
Term Loan Facility for Acquisition and Development Karacaören I and Karacaören II HEPPs due in June 2032
Concessionaire: The Privatization Administration
Sponsor: Gama Enerji
Mandated Lead Arrangers: EBRD, IFC, ICBC
Technical Adviser: BTY Group
Insurance Adviser: JLT, AON
Legal Adviser to Borrower: Baker & McKenzie,
Legal Advisers to Joint Lead Managers: White & Case, Çakmak-Gökçe Avukatlık Bürosu, Çakmak Avukatlık Ortaklığı

FINALIST: Third İstanbul Airport Project (IG A Havalimanı İşletmesi)
November 2015
€4,480,000,000
Project Finance Loan due in November 2031
Sponsors: Cengiz Insaat Sanayi ve Ticaret, Kolin Insaat Turizm Sanayi, Kalyon Insaat Sanayi ve Ticaret
Mandated Lead Arrangers: Ziraat - Vakıf

Halk – Deniz

Qnb Finans – Garanti

Legal Adviser to Borrower: Göksu Safi Işık Avukatlık Ortaklığı
Legal Adviser to Joint Lead Managers: Çakmak-Gökçe Avukatlık Bürosu, Çakmak Avukatlık Ortaklığı