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
Goldman Sachs International on an up to US$150 million warehouse securitisation of buy now, pay later receivables originated by Nakhla for Information Technology Systems LLC (Tamara) in Saudi Arabia. This was a first of a kind structured finance transaction in the Middle East.
Al Rajhi Capital Company, the sole lead manager on the offer of SAR 6.5 billion (equivalent to US$ 1.73 billion) 3.5% Fixed Rate Resettable Additional Tier 1 Capital Sukuk by Al Rajhi Banking and Investment Corporation in Saudi Arabia. The transaction marked the largest issuance size by a financial institution in the Kingdom of Saudi Arabia.
A major Saudi Arabian financial institution on the establishment of its debut Reg S Trust Certificate Issuance Programme, which may cater for issuance of green sukuk.
Saudi Real Estate Refinance Company on the establishment of its debut and sophomore domestic SAR Sukuk Issuance Programmes, and the issuances thereunder of SAR 10 billion Sukuk to date.
Saudi Aramco on its debut Regulation S / Rule 144A International Sukuk Programme establishment and the inaugural drawdown of US$6 billion Certificates thereunder (this was the largest order book ever recorded for a trust certificate issuance, with orders exceeding US$60 billion).
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.
Yapı ve Kredi Bankası A.Ş, in its issuance of US$500 million Tier 2 notes and in its inaugural issuance of U.S.$ 650 million AT1 notes, which was the first issuance of AT1 notes by a Turkish issuer.
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.
