Page 25 - TURKRptMay21

Major debt restructurings by Turkish borrowers
Date Borrower Owner Amount Maturity Banks
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
Besiktas, Fener, Galatasaray,
Mar-21 4 Football clubs 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 de Paris, Malaysia
Feb-21 Airport operators Airports - 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, Jan-21 Ankara city hospital Turkerler, WeBuild(Italy) €883mn - Isbank, Akbank, 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 Bereket Holding $3.9bn rumour -
Oct-20 Izmir, Kocaeli city hospital Turkerler, Gama, GE/(US) €900mn - EBRD, US Overseas, ICBC, Intesa, UniCredit
Oct-20 Dogus Holding Sahenk €2.3bn rumour -
Data obtained by TBB from banks (not reflecting Sep-20 - - TRY193.5bn - all 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
Besiktas, Fener, Galatasaray,
Jun-20 4 football clubs Trabzon - 2025 TBB (banking association)
Jun-20 Hema Hattat €400mn 10-year Denizbank, Suisse
Feb-20 Dogus - Yildiz Sahenk, Ulker - - -
Nov-19 TAV Tunisia TAV (TAVHL) - - Tunisia airports authority
Apr-19 Bereket Enerji Bereket Holding $5bn - -
Apr-19 Dogus Holding Sahenk €2.3bn - -
Jul-18 Yildiz Holding Ulker $6.5bn - -
Jul-18 Akis REIT (AKGSY) Akkok/EBRD $40mn - HSBC
25 TURKEY Country Report May 2021 www.intellinews.com