Investor Presentaiton
Successful Wholesale Borrowings
34
Sustainable
Tier 2
2Q21
Syndicated Loans
IFI Loans
2H21
► USD 500 million, 10NC5, priced at 6.80% (same as the senior eurobond issued in July 2020)
▸ First benchmark sustainable Tier 2 issuance among Turkish deposit banks
Intra-day execution with c. 3x oversubscription
► Book attracted c. USD 1.4 bn demand from more than 150 investors.
► 39% of the issuance was allocated to ESG investors
April 2021 ESG-linked Syndicated Loan ~ USD 675 million
● USD 344.5 million, 367 days tranche @ Libor+2.50% & EUR 279 million, 367 days tranche @ Euribor+2.25%
● 35 banks (8 new) from 18 countries committed 126% of total renewal amount at c. USD 792 million, with final roll-over ratio
at 107% and renewal amount of USD 675 million
● Akbank's first ESG-linked loan with performance criteria linked to gender balance, non-lending to greenfield coal power
plant projects & electricity sourcing of the Bank from renewable sources
► October 2021 Syndicated Loan ~ USD 700 million
● USD 460 million, 367 days tranche @ Libor+2.15% & EUR 206.8 million, 367 days tranche @ Euribor+1.75%
● Received USD 900 mn demand from 36 banks (7 new) from 20 countries
Akbank's second ESG-linked loan with performance criteria similar to April'21 facility
► Asian Infrastructure Investment Bank (AIIB)
● Covid-19 Crisis Recovery Facility, USD 100 million, maturity 7 years
● First depository bank in the Turkish banking sector to receive a loan from AllB
▸ EBRD
● Turkey Women in Business II ("TurWiB II"), USD 50 million, maturity 2.5 years
● Aiming to support financing for women led SMEs to promote women entrepreneurship in Turkey
▸ IFC
● Refugee Impacted Area Facility, USD 50 million, maturity 3 year 1 week
● Supporting MSMEs located in 22 south and southeastern provinces of Turkey
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