Syndicated loan 

• Since 1993, Akbank has completed 54 syndicated loan deals, including April 2023 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 syndicated 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 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.
• Through its syndicated social loan renewal, Akbank signed USD 500 million equivalent of syndicated social loan agreement in support of the Turkish economy. The loan has 367-days maturity with an all-in cost of SOFR+4,25% and Euribor+4,00%. 30 banks from 16 countries including 5 new banks participated in the social syndicated loan. This deal is the first transaction in the Turkish syndicate loan market in terms of its’ use of proceeds with social loan terms. Akbank’s Sustainable Finance Framework have been updated to achieve syndicated social loan structure. The purpose in providing this syndicated loan as a social facility was to improve trade finance (including refinancing thereof) in support of the affected cities/provinces impacted by the recent earthquakes in Türkiye.

Syndicated Loan - Investor Breakdown*

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