Eren Ayanlar
Biography
Overview
Eren Ayanlar is an associate in the Firm's capital markets group in Dubai. Eren specialises in conventional and Islamic debt capital markets and represents corporates, financial institutions and quasi-sovereign entities. He has experience in working across Türkiye and the GCC, where he advises both the issuers and managers.
Prior to joining the Firm's capital markets group in Dubai, Eren worked in the Firm's Istanbul office where he covered Rule 144A/Regulation S equity and debt offerings of Turkish issuers and provided regulatory advice. He holds "Capital Market Activities Level III License" and "Corporate Governance Rating License" issued by the Turkish Capital Markets Association.
Experience
Citigroup Global Markets Limited, Dubai Islamic Bank, HSBC Bank plc, J.P. Morgan Securities plc and Standard Chartered Bank in connection with the update of Almarai's Reg S US$2 billion Trust Certificate Issuance Program and the subsequent drawdown issuance of US$750 million trust certificates under the Programme;
Investment Corporation of Dubai in connection with the establishment and updates of its US$2.5 billion Reg S Trust Certificate Issuance Programme;
First Abu Dhabi Bank on the establishment of its UAE Higher Shari'a Authority compliant Reg S Islamic Structured Notes Programme;
Goldman Sachs International on an up to US$150 million warehouse securitisation of buy now, pay later receivables originated by Nakhla for Information Technology Systems LLC (Tamara) in Saudi Arabia. This was a first of a kind structured finance transaction in the Middle East;
Al Rajhi Capital Company, Citigroup Global Markets Limited, Goldman Sachs International, J.P. Morgan Securities plc and Standard Chartered Bank (as Arrangers) on the establishment of US$4,000,000,000 Trust Certificate Issuance Programme of Al Rajhi Banking and Investment Corporation and inaugural issuance of U.S.$1,000,000,000 Senior Sustainable Certificates due 2028 under the programme;
Al Rajhi Capital Company, the sole lead manager on the offer of SAR 6.5 billion (equivalent to US$ 1.73 billion) 3.5% Fixed Rate Resettable Additional Tier 1 Capital Sukuk by Al Rajhi Banking and Investment Corporation in Saudi Arabia;
Saudi Real Estate Refinance Company (SRC) on the establishment of SAR 20 billion domestic Sukuk Issuance Programme and issuances of SAR 13 billion sukuk to date;
United Nations Development Programme to develop in the Republic of Uzbekistan a facilitative and enabling legal and regulatory framework for the issuance of "plain vanilla" and "green" sukuk;
Moove Africa B.V., a mobility fintech that provides revenue-based vehicle financing to drivers of ride-hailing platforms such as Uber, in connection with its inaugural Sukuk issuance of US$30 million Trust Certificates due 2026;
Saudi Aramco on its debut Regulation S / Rule 144A International Trust Certificate Issuance Programme establishment and the inaugural drawdown of US$6 billion Certificates thereunder;
Arabian Centres Company in connection with their US$1.4 billion (or SAR equivalent) multicurrency term and revolving facilities (on Ijara and Murabaha basis) for refinancing of existing indebtedness and general corporate purposes;
Representation of Citigroup Global Markets Limited, Dubai Islamic Bank, HSBC Bank plc, J.P. Morgan Securities plc and Standard Chartered Bank in connection with the update of Almarai Company's Reg S U.S.$ 2 billion Trust Certificate Issuance Programme and the subsequent drawdown issuance of US$750,000,000 Trust Certificates due 2 under the Programme;
Arabian Centres Company on its debut issuance of Reg S/Rule 144A US$500 million five-year sukuk as part of the company's US$1.9 billion refinancing package comprising of Islamic bonds and new bank debt;
Zorlu Yenilenebilir Enerji A.Ş. (Zorlu Renewables) in its inaugural issuance of Reg S/Rule 144A US$300 million issuance of senior secured notes due 2026. Zorlu Renewables is one of Türkiye's leading independent renewable energy producers;
Pegasus Airlines in its inaugural issuance of Reg S/Rule 144A US$375 million senior unsecured notes due 2026. Pegasus Airlines is a Turkish carrier with bases at several Turkish airports;
Commerzbank Aktiengesellschaft, the sole lead manager, on the inaugural offering of Reg S US$200,000,000 Perpetual Fixed Rate Resettable Additional Tier 1 (AT1) Notes by Alternatifbank A.Ş., a private Turkish bank fully-owned by The Commercial Bank P.S.Q.C;
Ülker Bisküvi Sanayi A.Ş. in its inaugural issuance of US$650 million notes due 2025. BofA Securities and J.P. Morgan acted as Joint Global Coordinators and Joint Bookrunners and HSBC acted as Joint Lead Manager; and
Yapı ve Kredi Bankası A.Ş, in its issuance of US$500 million Tier 2 notes and in its inaugural issuance of US$650 million AT1 notes, which was the first issuance of AT1 notes by a Turkish issuer.
