Keystone Law advises on a dual currency multitranche syndicated sustainability loan of USD750 million for Akbank

Keystone Law advised the facility agent, sustainability coordinators, coordinators, arrangers and lenders on the dual currency multitranche aggregate USD750 million syndicated sustainability loan facility for Akbank, one of the largest banks in Turkey, that signed on 16 April 2025.

The loan highlights the credibility of the Turkish banking sector in international markets due to Akbank’s commitment to sustainable financing, the funding sources obtained from abroad, a syndicate of 51 banks from 21 countries, and a rollover rate for existing lenders to Akbank of 125%.

The transaction also enabled Akbank to reflect its innovative approach in wholesale funding by adding a new three-year tranche based on investors’ longer-term appetite, due to its solid reputation in international markets.

The Keystone Law team included Banking & Finance partners Robert Spedding and Isaac Felberbaum.

Robert Spedding said:

“We are thrilled to have assisted the finance parties and Akbank on another large sustainable finance transaction, both in terms of amount, tenor and the number of parties. This transaction again emphasised the popularity of the Turkish loan market and the strength of Akbank’s pioneering sustainability aims.”