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[BUSINESS] · Türkiye · 8 sources

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Akbank renews syndication loan with $542 million equivalent

Akbank syndication loan sustainable finance banking sector SOFR

Akbank has renewed its syndication loan due in October with a new facility totaling the equivalent of $542 million. The credit is structured into six tranches with maturities of 1, 2, and 3 years, utilizing both US dollar and euro currencies.

Interest rates for the tranches were set as follows: - 1-year tranches: SOFR + 1.25% for USD and Euribor + 1.00% for EUR. - 2-year tranches: SOFR + 1.75% for USD and Euribor + 1.45% for EUR. - 3-year tranche: SOFR + 2.00% for USD.

The 2-year and 3-year tranches are designated for use under Akbank’s Sustainable Finance Framework. The transaction saw significant international interest, with 37 banks from 19 countries submitting total bids exceeding $891 million.

Akbank General Manager Kaan Gür stated that the renewal of the 1-year tranche at 107% of its previous value and the strong demand for longer maturities demonstrate sustained international investor confidence in the bank and the Turkish banking sector.

Entities

Akbank · Kaan Gür

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Sources

Akbank 9 ayda 46 milyar TL kâr açıkladı: İşte bilançonun detayları [www.cnbce.com]
Akbank'tan beklentilere paralel 11,6 milyar TL net kâr [www.bloomberght.com]
Akbank'tan sendikasyon kredisi: Euro maliyetleri geriledi [paratic.com]
Akbank'tan Türk ekonomisine 2026'nın ilk dokuz ayında 3 trilyon 35 milyar TL kredi desteği [www.gazeterize.com]
Akbank sendikasyon kredisini 542 milyon dolar karşılığı krediyle yeniledi [www.haber1.com]
Akbank'tan ekonomiye güçlü destek: 2026'ın ilk dokuz ayında 3 trilyon lira kredi [www.haberport.com]
Akbank’ın 9 ayda ekonomiye 3 trilyon 35 milyar lira kredi desteği [www.aksiyon.com.tr]
Akbank sendikasyon kredisini yeniledi [www.ekonomigazetesi.com]