- 1-year syndicated financing facility for Turkey’s largest industrial enterprise.
- QInvest acting as Sole Bookrunner and Structuring Advisor.
- Syndicate comprised of 9 banks with QInvest, Qatar Islamic Bank Q.S.C., Barwa Bank, The Commercial Bank of Qatar Q.S.C. and First Gulf Bank taking the Mandated Lead Arranger role, Ahli United Bank B.S.C, Al Hilal Bank PJSC, Doha Bank Q.S.C and Dubai Islamic Bank PJSC as Lead Arrangers.
Türkiye Petrol Rafinerileri A.Ş. (“Tüpraş” or the
“Company”) has signed a US$ 200 million, 1 year facility
with a syndicate of nine banks from the GCC.
Founded in 1983, Tüpraş is engaged in refining and
distribution of petroleum products in Turkey and
internationally. Tüpraş is listed on Istanbul Stock
Exchange and has a market capitalisation of US$ 5.7bn as
at 05 October 2012. The Company is 49.0% owned by the
public, and 51% by Enerji Yatırımları A. Ş, a joint
venture between Koç Holding and Shell.
Tüpraş is the leading refiner in Turkey, accounting for
almost 60% of Turkish petroleum product consumption. The
Company is the 7th largest refinery company in Europe, and
has the world’s 29th largest refining capacity.
QInvest, Qatar’s leading investment bank, acted as Sole
Bookrunner and Structuring Advisor to Tüpraş, with
QInvest, Qatar Islamic Bank Q.S.C., Barwa Bank, The
Commercial Bank of Qatar Q.S.C. and First Gulf Bank
participating as Mandated Lead Arrangers (“MLA”). The MLAs
were joined in the facility at Lead Arranger level, Ahli
United Bank B.S.C, Al Hilal Bank PJSC, Doha Bank Q.S.C and
Dubai Islamic Bank PJSC.