Page 34 - TURKRptAug21

7.1.2 NPLs
Major debt restructurings by Turkish borrowers
Date Borrower Owner Amount Maturity Banks
May-21 Istanbul Airport Kalyon, Cengiz, Mapa, Limak €5.8bn 2033 Ziraat,Halkbank, Garanti, Vakifbank, Deniz
May-21 230 companies October 2019 - May 2021 TRY56bn - TBB under restructuring law
Out restructuring law, not reflecting all Mar-21 - Data obtained by TBB from banks TRY216bn - restructurings
Mar-21 Dogus REIT (DGGYO) Dogus Holding €100mn 2026 Credit Europe (Fiba Holding)
Mar-21 Pamukkale Turizm - - 2025 -
Mar-21 Marti (MARTI) - $128mn 2030 Denizbank
Mar-21 3rd Bosporus Bridge Ictas, China Merchants $1.6bn 2027 ICBC, Bank of China, China Merchants Bank
Mar-21 Global Liman (GPH) Global Yatirim holding $250mn 2024 eurobond due Nov 14, 2021
Mar-21 4 Football clubs Besiktas, Fener, Galatasaray, Trabzon - 2030 Ziraat, Halk, Deniz, Yapi Kredi
Mar-21 86% of business owners rent, utility bills, tax - - -
Feb-21 201 companies - TRY35bn - TBB under restructuring law
Feb-21 TAV Tunisia TAV (TAVHL) €371mn - local banks
Feb-21 Istanbul Airport Kalyon, Cengiz, Mapa, Limak - 2024 DHMI (Turkish airports authorithy)
Feb-21 Five airports TAV (TAVHL) - 2024 DHMI (Turkish airports authorithy)
Kalyon,Cengiz,Mapa,Limak,Aeroports
Feb-21 Airport operators deParis,MalaysiaAirports - 2024 Government
Feb-21 5mn university students - TRY5.5bn demand Government
Jan-21 191 companies - TRY34bn - TBB under restructuring law
Samsung(Korea), WeBuild, Kayi,
Jan-21 Gaziantep city hospital Actus €483.5mn - rumour
EBRD,IFC,Agricole,Deutsche,UniCredit,Is, Jan-21 Ankara city hospital Turkerler, WeBuild(Italy) €883mn - Ak,TSKB
Dec-20 167 companies - TRY31bn - TBB under restructuring law
Dec-20 Akfen REIT (AKFGY) Akfen Holding €178mn 10-year Credit Europe, Fibabanka
Dec-20 Akis REIT (AKGSY) Akkok/EBRD $23mn 5-year HSBC
Nov-20 Private airlines Pegasus, Tav etc. TRY20bn rumour meeting with government
Oct-20 Temsa Sabanci - - Ziraat
Oct-20 Bereket Enerji (Aydem) Bereket Holding $3.9bn rumour -
EBRD, US Overseas, ICBC, Intesa, Oct-20 Izmir,Kocaeli city hospital Turkerler, Gama, GE/(US) €900mn - UniCredit
Oct-20 Dogus Holding Sahenk €2.3bn rumour -
Out restructuring law, not reflecting all Sep-20 - - TRY193.5bn - restructurings
Sep-20 126 companies - TRY17.6bn - TBB under restructuring law
Sep-20 Enerjisa Sabanci €650mn - Akbank, Garanti, HSBC, Isbank,TEB
Sep-20 Health Ministry Government TRY19bn - medical companies
Jun-20 4 football clubs Besiktas, Fener, Galatasaray, Trabzon - 2025 TBB (banking association)
Jun-20 Hema Hattat €400mn 10-year Denizbank, Suisse
Jun-20 7 private gas importers - $2bn - Gazprom (Russia)
34 TURKEY Country Report August 2021 www.intellinews.com