Page 41 - TURKRptNov21

8.0 Financial & capital markets 8.1 Bank sector overview
Major debt restructurings by Turkish borrowers
Date
Borrower
Owner
Amount
Maturity
Banks
Oct-21
Demiroren Holding
Demiroren family
$2bn
TALKS
Ziraat and unnamed 8-9 private banks
Sep-21
Hotels
Hotel Association of Turkey (TUROB)
CRYING
-
-
Sep-21
Health Ministry
Government
TRY6bn
overdue
medical companies
Sep-21
Torunlar REIT (TRGYO)
Torunlar
TRY750mn
-
Halkbank (HALKB)
Aug-21
Gama Enerji
Gama, Tenega (Malaysia), IFC
$595mn
7,12-year
Is, Yapi Kredi, Garanti, TSKB, Deniz (KPMG)
Aug-21
3rd Bosporus Bridge
Ictas, China Merchants
$1.6bn
FAILING
ICBC, Bank of China, China Merchants Bank
Jun-21
243 companies
October 2019 - June 2021
TRY67bn
-
TBB under restructuring law
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
Mar-21
-
Data obtained by TBB from banks
TRY216bn
-
Out restructuring law (not all 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
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)
Feb-21
Airport operators
Kalyon,Cengiz,Mapa,Limak,AeroportsdeParis,M alaysiaAirports
-
2024
Government
Feb-21
5mn university students
-
TRY5.5bn
demand
Government
Jan-21
191 companies
-
TRY34bn
-
TBB under restructuring law
Jan-21
Gaziantep city hospital
Samsung(Korea), WeBuild, Kayi, Actus
€483.5mn
-
rumour
Jan-21
Ankara city hospital
Turkerler, WeBuild(Italy)
€883mn
-
EBRD,IFC,Agricole,Deutsche,UniCredit, Is,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
41 TURKEY Country Report November 2021 www.intellinews.com