Page 47 - TURKRptOct22

Major debt restructurings by Turkish borrowers
Date
Borrower
Owner
Amount
Maturity
Banks
Sep-22
Zorlu Enerji (ZOREN)
Zorlu Holding (Ahmet Nazif Zorlu)
$150mn
2028
Kuwait Investment Authority (KIA)
Jul-22
Polat Enerji
Adnan Polat, Isbank (ISCTR)
$100mn
9-year
EBRD
Jun-22
Istanbul Sabiha Gokcen Airport (ISG)
Malaysia Airsports Holding (Kuala Lumpur/5014)
TALKS
TALKS
Presidency of Defence Industries (SSB)
Apr-22
TAV Izmir
TAV (TAVHL)
€200mn
-
Turkish and foreign
Dec-21
Health Ministry
Government
TRY9bn
overdue
Health Industry Employers' Association
Nov-21
Gaziantep city hospital
Ronesans, Samsung(Seoul/028260), Actus (Global/GLYHO)
€483.5mn
RUMOU R
EBRD, EIB, Korea Eximbank, K-sure
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 (London/GPH)
Global Yatirim Holding (GLYHO)
$250mn
2024
eurobond due Nov 14, 2021
Mar-21
4 Football clubs
Besiktas, Fener, Galatasaray, Trabzon
-
2030
Ziraat, Halk (HALKB), Deniz, Yapi Kredi (YKBNK)
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
€1bn
2042
DHMI (Turkish airports authorithy)
Feb-21
Five airports
TAV (TAVHL)
-
2024
DHMI (Turkish airports authorithy)
Feb-21
Airport operators
Kalyon,Cengiz,Mapa,Limak,AeroportsdeParis,Ma
-
2024
Government
laysiaAirports
Feb-21
5mn university students
-
TRY5.5bn
demand
Government
Jan-21
191 companies
-
TRY34bn
-
TBB under restructuring law
Jan-21
Ankara city hospital
Turkerler, WeBuild(Milan/WBD)
€883mn
-
EBRD, IFC, Agricole (Paris/ACA), Deutsche (Frankfurt/DBK), UniCredit (Milan/UCG), Is (ISCTR), Ak (AKBNK), TSKB (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 (London/HSBA)
47 TURKEY Country Report October 2022 www.intellinews.com