QInvest arranges $200m Syndicated Facility for Tüpraş, Turkey
- Qatar: Sunday, October 21 - 2012 at 16:32
- PRESS RELEASE
Türkiye Petrol Rafinerileri A.Ş. (Tüpraş or the Company) has signed a $200m, 1 year facility with a syndicate of nine banks from the GCC.
Tüpraş is listed on Istanbul Stock Exchange and has a market capitalisation of $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.
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