2011 annual report 2011 annual report - Garanti Bankası

Acquisition Finance• In addition to the acquisition finance facilityprovided by a consortium of banks includingGaranti to Oger Telekom for the privatizationof Turk Telekom in 2007, a second-lienfacility in the amount of USD 1.35 billion hasbeen arranged.• Garanti was part of a consortium thatarranged a US$ 1 billion long-termrefinancing facility which refinanced theacquisition facility that was arranged for theSocar & Turcas JV’s acquisition of Petkim in2008.• Garanti provided a TL 250 million loan forthe acquisition of Şok Marketler Ticaret A.Ş.Real Estate• Garanti participated in the financing of themixed-use real estate project developedin Zincirlikuyu by Çiftçiler Real Estate, byproviding 200 million of the USD 400 millionfacility. Consisting of both commercial andresidential areas, the project is one of thebiggest real estate development projects inTurkey.• A refinancing facility in the amount of EUR210 million was provided to Anadolu JapanTurizm A.Ş., a Fiba Group Company.Infrastructure & Transport• Garanti participated in the loan (cash &non-cash) package of USD 858 millionextended to the project company set up byTepe-Akfen-Sera-Souter JV that earned thecontract in the privatization of İDO (İstanbulSea Buses Inc.), by providing USD 241million in total.• Garanti has taken place with a USD 100million participation in the USD 425 millionloan term project finance facility providedto Limak Group for the privatization ofIskenderun Port. The purpose of the facilityis financing of the consideration for theprivitization and capital expenditures to bemade thereafter.Other ActivitiesIn 2011, Garanti participated in the syndicationloan of TL 450 million arranged for KayseriSugar Factory for refinancing purposes with TL112.5 million.Projections for 2012Garanti targets to take part in majorinfrastructure and energy projects andacquisitions as a lead financier in 2012. Asthe greatest financier of the energy industry byvolume, the Bank will increase its investmentsin renewable energy such as hydroelectricityand geothermal energy, as well as those inwind energy.Infrastructure and transport are consideredto be two areas which project finance loanswill mainly be channeled to in the near future.Along this line, Garanti plans to providesignificant funds to highway projects, highwayprivatizations, port projects, and hospitalprojects to be realized by PPP (public-privatepartnership) models.$ 1.75 BillionLOAN FACILITY FOR3,900 MWElectricity generation project$ 850 MillionfacilityFor the renewable energy projectWith an installed capacity of1.200 MW$ 265 MillionACQUISITON FINANCEProvided to the onlyELECTRICITY DISTRIBUTIONPRIVATIZATIONHeld in 2011GARANTI BANK 2011 ANNUAL REPORT 49