Bonds, Loans & ESG Capital Markets CEE, CIS & Türkiye Awards 2024 | GFC Media Group / Bonds & Loans | Swissôtel The Bosphorus Istanbul, Vişnezade, Acısu Sokaği No:19, 34357 Beşiktaş/İstanbul, Türkiye

The exhaustive selection process involves close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing; with extra credit for those deals demonstrating high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

Bringing together the industry’s most high-profile figures, the Bonds, Loans & ESG Capital Markets CEE, CIS & Türkiye Awards ceremony is an opportunity to raise the profile of the financial markets with the international investment community, and to inspire future issuance by CEE, CIS & Turkish companies.

Award Categories

Deal of the Year Awards
• Sovereign, Supra & Agency Bond Deal of the Year
• Quasi-Sovereign/GRE Bond Deal of the Year
• Corporate Debt Deal of the Year
• Financial Institutions Bond Deal of the Year
• Syndicated Loan Deal of the Year
• Local Currency Bond Deal of the Year
• Local Currency Loan Deal of the Year
• ESG Bond Deal of the Year
• ESG Loan Deal of the Year
• Project Finance Deal of the Year
• Structured Finance Deal of the Year
• Infrastructure Finance Deal of the Year
• Power Finance Deal of the Year
• Transport Finance Deal of the Year
• Natural Resources Finance Deal of the Year
• ECA, DFI, IFI Deal of the Year
• Real Estate Finance Deal of the Year
• Acquisition Finance Deal of the Year
• Equity Capital Markets Deal of the Year
• M&A Deal of the Year
• Islamic Capital Markets Deal of the Year
• Liability Management Deal of the Year
• High Yield Debt Deal of the Year
• Leveraged Finance Deal of the Year
• Ground-breaking Deal of the Year
• Debt Deal of the Year – Poland
• Debt Deal of the Year – Czech Republic
• Debt Deal of the Year - Hungary
• Debt Deal of the Year - Romania
• Debt Deal of the Year - Slovenia
• Debt Deal of the Year - Uzbekistan
• Debt Deal of the Year – Kazakhstan
• Debt Deal of the Year – Türkiye

Awards for Excellence
• CEE, CIS & Türkiye Regional Investment Bank of the Year
• Debt (Bonds & Loans) House of the Year
• Sovereign, Supra, Agency Bond House of the Year
• Corporate Bond House of the Year
• Financial Institutions Bond House of the Year
• Local Currency Debt House of the Year
• Loan House of the Year
• ESG Bond House of the Year
• ESG Loan House of the Year
• High Yield Debt House of the Year
• Leveraged Finance House of the Year
• Structured Finance House of the Year
• Project Finance House of the Year
• Equity Capital Markets House of the Year
• Sukuk House of the Year
• Sovereign, Supra & Agency Treasury & Funding Team of the Year
• Quasi-Sovereign/GRE Treasury & Funding Team of the Year
• Bank Treasury & Funding Team of the Year
• Corporate Treasury & Funding Team of the Year
• Project Sponsor of the Year
• Debt Capital Markets Legal Adviser of the Year
• Banking & Finance Legal Adviser of the Year
• Equity Capital Markets Legal Adviser of the Year
• Best Investment Bank in Poland
• Best Investment Bank in Czech Republic
• Best Investment Bank in Hungary
• Best Investment Bank in Romania
• Best Investment Bank in Slovenia
• Best Investment Bank in Uzbekistan
• Best Investment Bank in Kazakhstan
• Best Investment Bank in Türkiye

2023 Winners

Sovereign, Supra & Agency Bond Deal of the Year
• The Republic of Poland

EUR3.5bn Eurobond
Issued: February 2023; Matures: February 2033/February 2043
Bookrunner/JLMs: Commerzbank, Deutsche Bank, ING, Société Générale
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Clifford & Chance

Quasi-Sovereign/GRE Bond Deal of the Year
• Turk Eximbank

USD500m Eurobond
Issued: January 2023; Matures: January 2026
Bookrunner/JLMs: Standard Chartered, Emirates NBD Capital, SMBC, ING, MUFG, BBVA, Intesa Sanpaolo, Société Générale, Citi
Legal Adviser to the Issuer: Linklaters, Ozmen Yalcin
Legal Adviser to the JLMs: Allen & Overy, Gedik & Eraksoy

Corporate Debt Deal of the Year
• CEZ, a.s.

EUR500m Private Placement
Issue/Settlement Date: December 2022; January 2023, February 2023; Matures: 27 January 2025 (2y); 22 December 2025 (3y); 27 January 2026 (3y); 22 December 2027 (5y); 27 January 2028 (5y)
Bookrunner/JLMs: Deutsche Bank, Erste Bank, RBI, Societe Generale
Legal Adviser to the JLMs: Dentons

Financial Institutions Bond Deal of the Year
• OTP Bank Nyrt

EUR650m MREL-eligible Senior Preferred bonds
Issue Date: November 2022; Matures: March 2026, callable on 04 March 2025
Bookrunner/JLMs: Deutsche Bank, Este Group, J.P. Morgan, OTP Bank & UniCredit
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Linklaters, Kinstellar

Syndicated Loan Deal of the Year
• Ülker Biskuvi

EUR271.2m and USD35m Syndicated Loan
Issue Date: April 2023; Matures: April 2026
Bookrunner/JLMs: BofA Securities, JPMorgan, EBRD, Sharjah Islamic Bank, Emirates NBD Capital, Gulf Bank, Rabobank
Legal Adviser to the Issuer: Paksoy /Turkish Law – Morgan Lewis/English Law
Legal Adviser to the JLMs: White & Case

Local Currency Bond Deal of the Year
• Enerjisa Enerji A.Ş.

TL3.1bn Bond
Issue Date: July 2023; Matures: July 2025
Bookrunner/JLMs: Ak Yatırım Menkul Değerler A.Ş.
Legal Adviser to the Issuer: Enerjisa Enerji A.Ş.
Legal Adviser to the JLMs: Ak Yatırım Menkul Değerler A.Ş.

Local Currency Loan Deal of the Year
• Uludağ Elektrik Dağıtım A.Ş., Uluğ Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş., Uludağ Perakende Elektrik Satış A.Ş.

TL 4.898bn Loan

Matures: 2032
Bookrunner/JLMs: Türkiye Sınai Kalkınma Bankası A.Ş., Halkbank A.Ş., Türkiye Finans Katılım Bankası A.Ş., Denizbank A.Ş., Vakıfbank A.Ş., İş Bankası A.Ş., Garanti BBVA
Legal Adviser to the Issuer: Clifford Chance/Çiftçi Attorney Partnership
Legal Adviser to the JLMs: GKC/White & Case

ESG Bond Deal of the Year
• MVM Zrt.

USD750m Green Bond
Issue Date: June 2023; Matures: 9 June 2028
Bookrunner/JLMs: Bank of China, ING, JPMorgan, BNP Paribas, Raiffeisen, Goldman Sachs, Intesa Sanpaolo
Legal Adviser to the Issuer: Allen & Overy
Legal Adviser to the JLMs: Clifford Chance

ESG Loan Deal of the Year
• Eesti Energia AS

EUR600m, Sustainability-linked Syndicated Facility
Issue Date: February 2023; Matures: February 2028
Bookrunner/JLMs: Deutsche Bank
Legal Adviser to the Issuer: Clifford Chance
Legal Adviser to the JLMs: Dentons

Project Finance Deal of the Year
• Gülermak (PPP Solutions Polska 2 sp. z o.o.)

PLN870m (Senior loans: PLN680m Senior Loans; PLN40m Mezzanine Loan; and PLN150m Equity), Loan including Senior and Mezzanine Loan Tranches
Issue Date: June 2023; Matures: June 2043
Bookrunner/JLMs: PFR, Bank Pekao, EBRD, EIB
Legal Adviser to the Issuer: JACEK KOSIŃSKI ADWOKACI I RADCOWIE PRAWNI
Legal Adviser to the JLMs: DLA Piper

Structured Finance Deal of the Year
• Modern Karton Sanayi ve Tic. A.S.

EUR356m, Green Loan combining Euler Hermes and Sinosure Covered Facilities
Issue Date: May 2023; Matures: May 2035
Bookrunner/JLMs: ING Bank, DZ Bank
Legal Adviser to the Issuer: Bezen & Partners
Legal Adviser to the JLMs: Paksoy, Baker McKenzie

Infrastructure Finance Deal of the Year
• Fraport TAV Antalya Yat. Yap. Ve İşl. A.Ş.

Deal Value: EUR 658m (added to original bridge loan of EUR 1.225bn closed in March 2022)
Deal Type: Bridge Loan and DFI Loan
Financial Close Date: September 2022 and March 2023
Matures: 24.03.2024
Bookrunner/JLMs: IFC, AIIB, EBRD, Barclays, İşbank, Akbank, TSKB, TKYB
Issuer/Borrower Legal Adviser: Çiftçi Attorney Partnership, Clifford Chance
Bookrunner/JLMs Legal Advisers: White & Case, GKC Partners

Power Finance Deal of the Year
• Borusan EnBW Enerji Yatırımları A.Ş.

Borrower Name: Borusan EnBW Enerji Yatırımları ve Üretim A.Ş.
Deal Value: USD 600m
Deal Type: Reprofiling of Existing Loans and New Renewable Investment
Issue Date: April 2023
Matures: None
Bookrunner/JLMs: Akbank T.A.Ş., European Bank for Reconstruction and Development (EBRD), ICBC Turkey A.Ş., Türkiye Garanti Bankası A.Ş., Türkiye İş Bankası A.Ş., Türkiye Sınai ve Kalkınma Bankası A.Ş., Yapı ve Kredi Bankası A.Ş.
Issuer/Borrower Legal Adviser: White & Case – GKC Partners
Bookrunner/JLMs Legal Advisers: Allen & Overy – Gedik & Eraksoy

Transport Finance Deal of the Year
• SunExpress – Güneş Ekspres Havacılık A.Ş.

USD17m ECA-guaranteed loan
Arranger: JPMorgan
Legal Adviser to the Issuer: SunExpress
Legal Adviser to the JLMs: Hogan Lovells - Dikici Law Office

Natural Resources Deal of the Year
• Petkim Petrokimya Holding A.Ş.

USD300m, Private Placement
Issue Date: January 2023; Matures: January 2026
Bookrunner/JLMs: JPMorgan
Legal Adviser to the Issuer: Vinson and Elkins
Legal Adviser to the JLMs: Linklaters

ECA, DFI, IFI Deal of the Year
• SASA Polyester Sanayi A.Ş.

EUR590m ECA-Covered Loan
Issue Date: August 2022
Bookrunner/JLMs: JPMorgan
Legal Adviser to the Issuer: White & Case, Göksu Safi Işık Attorney Partnership
Legal Adviser to the JLMs: Ergün Law Firm, Ashurst

Real Estate Finance Deal of the Year
• Galatasaray Sportif Sınai ve Ticari Yatırımlar A.Ş.

TL1.08bn Loan
Issue Date: February 2023; Matures: August 2024
Bookrunner/JLMs: T.C. Ziraat Bankası A.Ş., DenizBank A.Ş.
Legal Adviser to the Issuer: ÖzmenYalçın
Legal Adviser to the JLMs: GKC Partners

International Equity Capital Markets Deal of the Year
• Marti Technologies Inc.

Deal Value: USD 532m (approximate pro forma combined enterprise value)
Deal Type: Equity/IPO/SPAC
Issue Date: 11.07.2023
Bookrunner/JLMs: B Riley Financial, Inc.
Issuer/Borrower Legal Adviser: Latham & Watkins LLP; Esin Attorney Partnership
Bookrunner/JLMs Legal Advisers: Willkie Farr & Gallagher LLP; Verdi Law Firm

Local Equity Capital Markets Deal of the Year
• Akfen Yenilenebilir Enerji A.Ş.

Deal Value: TL 3.34 bn
Deal Type: Equity Capital Markets
Issue Date: 16 March 2023 (First trading date)
Bookrunner/JLMs: Garanti Yatırım Menkul Kıymetler A.Ş.
Issuer/Borrower Legal Adviser: ÖzmenYalçın
Bookrunner/JLMs Legal Advisers: n/a

Islamic Capital Markets Deal of the Year
• Turkcell Ödeme Hizmetleri A.Ş.

TL200,000,000 Sukuk
Issue Date: August 2023; Matures: November 2023
Bookrunner/JLMs: Halk Yatırım Menkul Değerler A.Ş.
Legal Adviser to the Issuer: UNSAL Attorney Partnership
Legal Adviser to the JLMs: Özok Law Office

Liability Management Deal of the Year
• Hungary

USD1bn, Liability Management (Bond Buyback)
Issue Date: January 2023
Bookrunner/JLMs: Deutsche Bank, BNP Paribas, Citigroup, Goldman Sachs, JPMorgan
Legal Adviser to the Issuer: Arnold & Porter
Legal Adviser to the JLMs: Clifford Chance, Lakatos, Köves and Partners Law Firm

High Yield Debt Deal of the Year
• Microfinance Organization OnlineKazFinance JSC

20bn KZT Bond placement
Issue Date: June 2023; Matures: July 2025
Bookrunner/JLMs: Freedom Finance JSC, co-underwriter BCC Invest JSC
Financial consultant: BCC Invest JSC
Second Party Opinion: AIFC Green Finance Centre ltd.

Leveraged Finance Deal of the Year
• Parla Enerji Yatırımları A.Ş.

USD250m Loan
Issue Date: December 2022; Matures: December 2025
Bookrunner/JLMs: Yapı ve Kredi Bankası A.Ş.
Legal Adviser to the Issuer: UNSAL Attorney Partnership
Legal Adviser to the JLMs: GKC Partners

Ground-breaking Deal of the Year
• Ministry of Finance, Ukraine

Liability Management
Bookrunner/JLMs: JPMorgan
Issuer/Borrower Legal Adviser: White & Case
Bookrunner/JLMs Legal Advisers: Latham & Watkins

Debt Deal of the Year – Poland
• Gülermak (PPP Solutions Polska 2 sp. z o.o.)

PLN870m (Senior loans: PLN680m Senior Loans; PLN40m Mezzanine Loan; and PLN150m Equity), Loan including Senior and Mezzanine Loan Tranches
Issue Date: June 2023; Matures: June 2043
Bookrunner/JLMs: PFR, Bank Pekao, EBRD, EIB
Legal Adviser to the Issuer: JACEK KOSIŃSKI ADWOKACI I RADCOWIE PRAWNI
Legal Adviser to the JLMs: DLA Piper

Debt Deal of the Year – Czech Republic
• CEZ, a.s.

EUR500m Private Placement
Issue/Settlement Date: December 2022; January 2023, February 2023; Matures: 27 January 2025 (2y); 22 December 2025 (3y); 27 January 2026 (3y); 22 December 2027 (5y); 27 January 2028 (5y)
Bookrunner/JLMs: Deutsche Bank, Erste Bank, RBI, Societe Generale
Legal Adviser to the JLMs: Dentons

Debt Deal of the Year – Hungary
• Hungary

USD4.25bn total, USD1.5bn (5-year), USD1.5bn (10-year), USD1.25bn (30-year), Bond and Liability Management
Issue Date: January 2023; Matures: 22 May 2028 (long 5-year), 22 September 2032 (short 10- year) and 25 September 2052 (short 30-year)
Bookrunner/JLMs: Deutsche Bank, BNP Paribas, Citigroup, Goldman Sachs Bank, JPMorgan
Legal Adviser to the Issuer: Arnold Porter
Legal Adviser to the JLMs: Clifford Chance, Lakatos, Köves and Partners Law Firm

Debt Deal of the Year – Slovenia
• Republic of Slovenia

EUR1.5bn Bond
Issue Date: January 2023; Matures: March 2033, August 2045
Bookrunner/JLMs: Deutsche Bank
Legal Adviser to the Issuer: Linklaters, Odvetniki Vidmar, Ogrič in Pejovnik
Legal Adviser to the JLMs: Clifford Chance, Wolf Theiss

Debt Deal of the Year – Uzbekistan
• Uzbekneftegaz Joint-Stock Company

USD250,000,000 Bilateral loan
Issue Date: November 2022; Matures: November 2025
Bookrunner/JLMs: Deutsche Bank
Legal Adviser to the JLMs: Ashurst

Debt Deal of the Year – Kazakhstan
• Samruk-Kazyna Sovereign Wealth Fund, Almaty Power Plants JSC

KZT130,000,000,000 Loan
Issue Date: November 2022; Matures: November 2037
Bookrunner/JLMs: EBRD
Legal Adviser to the Issuer: ZanHub
Legal Adviser to the JLMs: Morgan Lewis

Debt Deal of the Year – Türkiye
• Republic of Türkiye

USD2.5 billion Green Bond
Issue Date: April 2023; Matures: July 13th 2030
Bookrunner/JLMs: BofA Securities, Standard Chartered Bank, ING, JPMorgan
Legal Adviser to the Issuer: Arnold & Porter
Legal Adviser to the JLMs: Clifford Chance LLP

Debt (Bonds & Loans) House of the Year
• JPMorgan

Sovereign, Supra, Agency Bond House of the Year
• Deutsche Bank

Corporate Bond House of the Year
• JPMorgan

Financial Institution Bond House of the Year
• JPMorgan

Local Currency Debt House of the Year
• TSKB

Loan House of the Year
• Standard Chartered Bank

ESG Bond House of the Year
• ING Bank

ESG Loan House of the Year
• Emirates NBD Capital

Structured Finance House of the Year
• Deutsche Bank

Project Finance Bank of the Year
• Garanti BBVA

Equity Capital Markets House of the Year
• QNB Finansinvest

Sukuk House of the Year
• Emirates NBD Capital

Sovereign, Supra & Agency Treasury & Funding Team of the Year
• Republic of Türkiye

Bank Treasury & Funding Team of the Year
• AKbank

Corporate Treasury & Funding Team of the Year
• TAV

Project Sponsor of the Year
• TAV

Debt Capital Markets Legal Adviser of the Year
• Clifford Chance

Banking & Finance Legal Adviser of the Year
• Baker McKenzie LLP

Equity Capital Markets Legal Adviser of the Year
• Dentons LLP

Best Investment Bank in Türkiye
• DOĞAN INVESTMENT BANK