Syndicated loan 

• Akbank has been active in Syndicated Loan market since 1993.
• Akbank sets the benchmark price and ESG structures for the Turkish syndicated market.

• Currently, Akbank has two outstanding syndicated loans: 
• Through its Syndicated Sustainable Loan renewal in April 2024, Akbank signed USD 600 million equivalent of Syndicated Sustainable Loan agreement in support to the Turkish economy through a syndicated loan renewed by 120% with record demand. The cost of the 367-day syndicated loan was realized as SOFR+2.50% and Euribor+2.25%. A total of 45 banks from 20 countries participated in the Bank's sustainability-themed transaction, including 16 new banks. The proceeds of the loan will be utilized to the eligible projects under Akbank’ Sustainable Finance Framework and Akbank have announced its robust commitments and roadmap for 2030 as a member of the Net-Zero Banking Alliance via its gating requirement of this facility.
• Through its syndicated loan renewal in October 2023, Akbank has provided USD 600 million in support of the Turkish economy. The loan, which utilizes sustainability performance criteria, has 367-days maturity with an all-in cost of SOFR+3,50% and Euribor+3,25%. The deal attracted 36 banks from 18 countries including participation of 13 new banks. In October 2023 Facility, Akbank’s rollover ratio was 146%. The proceeds of the loan will be utilized for Akbank’s trade finance purposes.

Syndicated Loan - Investor Breakdown*

* Shows investor breakdown of outstanding syndicated loan facilities. Calculated according to initial allocation.

As of 2024 1H