Akbank T.A.Ş signs a US$ 700 Million equiv. ESG-Linked Syndicated Term Loan Facilities on 12 April 2022


Dubai, UAE: 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$342,500,000 and €329,300,000 Sustainability Linked Term Loan Facilities on 12 April 2022.

Proceeds of the facilities will be utilized for Akbank’s trade finance purposes, including refinancing of the existing debt. The Facilities include sustainability-linked margin adjustments whereby the Margin will be determined according to Akbank’s performance against the selected KPIs over the life of the Facilities.

The Facilities incorporate two KPIs pertaining to replacement of Credit PVC cards with rPVC cards and electricity consumption from renewable sources which are aligned to Akbank’s overall sustainability strategy.

Despite of market volatility amid geo-political conditions, the transaction received a strong response from the market, receiving an oversubscription over the initial size of US$660mn, representing a rollover ratio of 1.08x. Owing to oversubscription, Akbank choose to close the facilities at US$700mn.

Transaction is joined by 32 institutions across the world, including from North America, Western 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, Bank of America, Emirates NBD Capital Limited, ICBC Turkey Yatırım Menkul Değerler A.Ş. and Standard Chartered Bank acted as Joint Coordinators & Bookrunners on the transaction. 

Bank of America also acted as Documentation Agent, and Mizuho Bank acted as Facility Agent.



Abu Dhabi Commercial Bank PJSC, Bank of America, Emirates NBD Capital Limited, ICBC Turkey Yatırım Menkul Değerler A.Ş. and Standard Chartered Bank

Sustainability Coordinators 

Bank of America, Emirates NBD Capital Limited and Standard Chartered Bank

Bookrunners & Mandated Lead Arrangers:

Abu Dhabi Commercial Bank PJSC, Bank of America, Emirates NBD Capital Limited, ICBC Turkey Yatırım Menkul Değerler A.Ş., Standard Chartered Bank, Citibank N.A., London Branch, Deutsche Bank AG, London Branch, ING Bank N.V., J.P. Morgan Securities plc, Mizuho Bank, Ltd., SOCIETE GENERALE, Sumitomo Mitsui Banking Corporation, London Branch

Lead Arrangers

BNP Paribas, Commerzbank Aktiengesellschaft, Filiale Luxemburg, HSBC Bank Middle East Limited, mBank S.A., MUFG Bank, Ltd.   


ABC International Bank plc, Bank of China Limited, Grand Cayman Branch, Barclays Bank PLC, Bper Bank Luxembourg S.A., CaixaBank, S.A., Credit Suisse AG, London Branch, Doha Bank Q.P.S.C., DZ Bank AG, Goldman Sachs International Bank, HBL Bank UK Ltd, Habib Bank Limited, Bahrain (Wholesale Branch), Mashreqbank psc, Morgan Stanley Senior Funding, Inc., Union De Banques Arabes ET Françaises (UBAF), Zürcher Kantonalbank

About Akbank 

Akbank is one of the leading banks in Turkey with USD 57 billion consolidated assets as of YE 2021. Incorporated in 1948, the bank is 48.8% owned by H.Ö. Sabancı Holding, affiliated Institutions and Individuals, and 51.2% free float. 

Akbank continues to provide unrivalled financial solutions to its customers leveraging its superior capital buffers, effective asset & liability management, diversified funding base, strong liquidity, best-in-class efficiency, prudent risk management and cutting-edge infrastructure together with its subsidiaries Akbank AG, Ak Asset Management, Ak Investment, Ak Lease, and AkÖde.

The bank serves its 19.6 million consumer and corporate clients with a strong and extensive distribution network that utilizes both traditional and digital channels through

  • ~ 12,000+ employees 
  • 711 branches 
  • Consumer and Corporate, and Digital Banking
  • ~ 5,300+ ATMs 
  • 680,000+ POS terminals

Akbank’s robust performance and outstanding position in the Turkish banking sector have been recognized by prominent awards:

The Banker

  • Bank of the Year in Turkey (2020)


  • World’s Best Bank in the Emerging Markets (2020)
  • World’s Best Digital Bank (2019)
  • Best Bank of Turkey (2013-2021)
  • Best Bank for Trade Finance in Turkey (2020)

Global Finance

  • Best Bank of Turkey (2014 -2021)

EMEA Finance

  • Best Bank of Turkey (2014-2020)
  • CEE & CIS Financial Inclusion Award (2020)
  • Best Financial Institution Borrower (2018)
  • Best Syndicated Loan House in CEE (2018)
  • Best Financial Institution Syndicated Loan in CEE (2018)
  • Best Financial Institution Borrower (2018)
  • Best Covered Bond Deal in CEE (2018)

Global Capital

  • Turkish Deal of the Year (2019)
  • Most Impressive Financial Institution Borrower in EM (2018)

World Finance

  • Best Banking Group in Turkey (2014-2021)


  • Deal of the Year (SRI: Green/Social/Sustainable category) (2020)

Bonds and Loans Turkey Awards 2021

Bank & FI Funding Team of the Year (2021)