Akbank T.A. signs US500 Million equiv. Social Syndicated Term Loan Facilities on 12 April 2023.

Akbank T.A.Ş signs US$500 Million equiv. Social Syndicated Term Loan Facilities on 12 April 2023.

2 Min | 14 April 2023

Akbank T.A.Ş signs US$500 Million equiv. Social Syndicated Term Loan Facilities on 12 April 2023.

Akbank T.A.Ş (“Akbank” or the “Bank”), the leading private sector bank in Turkey, is pleased to announce the successful signing of its 367-day US$245,500,000 and €233,000,000 Social Term Loan Facilities on 12 April 2023 (“Facilities”).

Under the social framework, 100% proceeds of the Facilities are to be utilized towards the disaster relief and emergency aid related to recent earthquake and contributing to economic redevelopment or reconstruction or poverty reduction or inequality reduction in affected areas.

Committed towards sustainability and by social responsibilities, Akbank has provided comprehensive support towards relief packages for quake-hit provinces by full cooperation with Government and NGOs and supplying priority needs and materials thereby contributing for the re-development of the area and related measures. Additionally, it has provided funding support to the customers and ensured uninterrupted operations and banking services to our customers in the region.

Aligned with Akbank’s sustainability strategy and related to its commitment, its syndicated Facilities are structured as a Social Loan under its updated Sustainable Finance framework assessed by a reputable Second Party Opinion provided by ISS-ESG The Sustainable Finance Framework is focused on disaster relief in relation to the earthquake in Turkey and is aimed to be aligned to the latest Social Loan Principles (“SLP”) published by Loan Market Association in Feb 2023.

Syndication transaction is joined by 30 institutions across the world, including from America, Europe, Asia and the Middle East. The success of the deal underscores the strength of Akbank’s banking relationships and credit strength as well as the market’s acknowledgement of Akbank’s sustainability efforts.

Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited and Standard Chartered Bank acted as Joint Coordinators & Bookrunners on the transaction. Additionally Standard Chartered Bank and SMBC acted as Joint Sustainability Coordinators on the transaction.

Emirates NBD Capital Limited also acted as Documentation Agent, and Abu Dhabi Commercial Bank PJSC acted as Facility Agent.


Senior Mandated Lead Arrangers & Bookrunners:

Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited, Standard Chartered Bank and SMBC

Mandated Lead Arrangers & Bookrunners:

Citibank N.A., ICBC TURKEY BANK A.Ş. and ING Bank N.V.

Lead Arrangers

Banca UBAE S.p.A., BNP Paribas, Commerzbank Aktiengesellschaft, J.P. Morgan Securities plc, mBank S.A. and MUFG Bank, Ltd.,


ABC International Bank plc, Bank of America Europe Designated Activity Company, Banka Kombëtare Tregtare Kosovë Sh.a., Barclays Bank PLC, CaixaBank, S.A., Deutsche Bank AG, London Branch, Doha Bank Q.P.S.C., DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, FCMB Bank (UK) Limited, Goldman Sachs International, HBL Bank UK Ltd, Mashreqbank PSC, Pasha Yatirim Bankasi A.Ş., Rabitabank OJSC, Societe Generale, The Bank Of New York Mellon, Union de Banques Arabes et Françaises (U.B.A.F.) and Zürcher Kantonalbank

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