Syndicated loan 

• Since 1993, Akbank has completed 53 syndicated loan deals, including October 2022 transaction.
• Since 1997 to date, Akbank has concluded syndicated loan deals each year with top tier US, European, UK and Asian banks.
• Akbank sets the benchmark price for the Turkish syndication market.
• In total, Akbank provided c. USD 39 billion of financing through its syndicated loans to Turkish real sector.

• Currently, Akbank has two outstanding syndicated loans: 
• Akbank signed a 700 million equivalent of syndicated loan agreement in April 12 2022. The 367 day term facility comprised of two separate tranches: USD 342.5 million and EUR 329.3 million with all-in pricing being SOFR+2.75% p.a. for US Dollars and Euribor+2.10 % p.a. for Euros. This has become the first SOFR rate-based syndication deal of the Bank. The participation of 32 banks from 15 countries reinforced the trust to Akbank in the international markets, and as of the transaction date. The deal attracted the participation of 3 new banks from 3 countries (UK, France, Qatar) which were not involved in last year’s April transaction. Akbank has added two sustainability performance criteria (ESG KPIs) to April 2022 syndicated loan. Taking a step further in Bank’s sustainability commitment, this year Akbank increased the criteria of ‘electricity procurement of the Bank from renewable resources’, from 60% to 80%. In addition to this, Akbank introduced a brand new performance criteria: replacing plastic credit cards with recycled ones. The bank committed to increase the number of recycled PVC credit cards. The proceeds of the loan will be utilized for Akbank’s trade finance purposes.
• Akbank signed a 400 million equivalent of syndicated loan agreement in October 26 2022. The 367 day term facility comprised of two separate tranches: USD 225 million and EUR 177.5 million with all-in pricing being SOFR+4.25% p.a. for US Dollars and Euribor+4.00% p.a. for Euros. The deal attracted 24 banks from 14 countries including participation of 2 new banks (UAE and Azerbaijan) The transaction continued utilization of Akbank’s sustainability criteria set in the April 2022 deal, increasing the criteria of ‘electricity procurement of the Bank from renewable resources’ to 85% and replacement of Credit PVC cards with rPVC cards. If these performance criteria are met during the specified test periods, there will be an improvement in the terms of our syndicated loan pricing. 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.