Akbank Secures USD750 Million Sustainability Loan with Keystone Law's Guidance
Deal News | Apr 25, 2025 | Keystone Law
Keystone Law has successfully advised on a substantial USD750 million syndicated sustainability loan facilitated for Akbank, a major player in the Turkish banking sector. The deal underscores Akbank's commitment to sustainable finance, appealing to international markets with its innovative wholesale funding strategy. With participation from 51 banks across 21 countries, this transaction highlights the global confidence in Turkey’s banking ecosystem. Notably, the agreement included the introduction of a new three-year tranche aligned with investor interests in longer-term funding opportunities. Keystone Law’s team, led by partners Robert Spedding and Isaac Felberbaum, provided legal counsel to the facility agents and involved coordinators, showcasing the firm's expertise in complex financial transactions.
Sectors
- Banking
- Sustainable Finance
- Legal Advisory
Geography
- Turkey – Akbank, the main entity involved in the transaction, is based in Turkey, and the article highlights the strength of the Turkish banking sector.
- International – The participation of 51 banks from 21 countries signifies the international nature of the financial transaction.
Industry
- Banking – The article focuses on Akbank, which is a major bank in Turkey, engaging in a significant financial transaction within the banking sector.
- Sustainable Finance – The loan is highlighted as a syndicated sustainability loan, emphasizing Akbank's commitment to sustainable financing.
- Legal Advisory – Keystone Law's involvement as the legal advisor for the transaction underlines the legal advisory sector's role in facilitating complex financial agreements.
Financials
- USD750 million – The total value of the dual currency multitranche syndicated sustainability loan facilitated for Akbank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Akbank | Target Company | Company | One of the largest banks in Turkey, involved in the syndicated sustainability loan. |
| Keystone Law | Legal Advisor | Company | Provided legal advice to the facility agent, sustainability coordinators, coordinators, arrangers, and lenders. |
| Robert Spedding | Banking & Finance Partner | Person | A partner at Keystone Law who played a key role in advising on the transaction. |
| Isaac Felberbaum | Banking & Finance Partner | Person | A partner at Keystone Law, involved in advising on this transaction. |