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QInvest arranges a USD200m Syndicated Facility for TüpraÅŸ, Turkey  Join our daily free Newsletter

MENAFN Press - 22/10/2012

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(MENAFN Press) Doha, Qatar - Sunday, October 21st 2012

·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

Trkiye Petrol Rafinerileri A.. ("Tpra" or the "Company") has signed a US 200 million, 1 year facility with a syndicate of nine banks from the GCC.

Founded in 1983, Tpra is engaged in refining and distribution of petroleum products in Turkey and internationally. Tpra 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 Yatrmlar A. , a joint venture between Ko Holding and Shell.

Tpra 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 Tpra, 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.


About QInvest
QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. The firm has authorized capital of USD 1 billion and paid up capital of USD 750 million.The QInvest shareholder structure includes Qatar Islamic Bank and other institutional investors, as well as prominent high net worth individuals from across the region. The platform offers a broad range of expertise which enables QInvest to deliver a high value service to clients, seamlessly covering advisory, financing and investment needs.The firm's talented team of investment bankers brings a valuable mix of both international experience and regional knowledge, enabling the firm to pursue opportunities across its chosen markets of the Middle East, Africa, Turkey, South Asia and South-East Asia. www.qinvest.com

 






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