Eren Ayanlar

Associate, Dubai

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 Turkey 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.

Bars and Courts
Istanbul Bar
Education
LLM
The Dickson Poon School of Law
King's College London
LLB
Galatasaray University
Languages
Turkish
English
French

Experience

Debt Capital Markets & Islamic Finance

Saudi Aramco US$6 billion Sukuk, 2021 
Eren represented Saudi Arabian Oil Company (Saudi Aramco) on the establishment of its international Trust Certificate Issuance Programme and issuance of Reg S/Rule 144A US$6 billion triple tranche sukuk.

Zorlu Renewables US$300 million Eurobond, 2021
Eren represented 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 Turkey's leading independent renewable energy producers.

Pegasus Airlines US$375 million Eurobond, 2021
Eren represented 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.

Yapı Kredi Bank covered bond programme update, 2021
Eren represented Natixis AG and UniCredit as Arrangers and Dealers on the 2021 update of €1 billion Global Covered Bond Programme of Yapı ve Kredi Bankası A.Ş.

Alternatifbank US$200 million AT1 Notes, 2021
Eren represented the sole lead manager Commerzbank Aktiengesellschaft 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.

Yapı Kredi Bank US$500 million Tier 2 Notes, 2021
Eren represented Yapı ve Kredi Bankası A.Ş, one of the largest Turkish private banks in its issuance of US$500 million Tier 2 notes.

Saudi Real Estate Refinance Company SAR4 billion guaranteed Sukuk, 2021
Eren represented Saudi Real Estate Refinance Company (SRC) in connection with establishment of SAR10 billion domestic sukuk issuance programme and issuance of SAR1 billion guaranteed sukuk due 2028 and SAR3 billion guaranteed Sukuk due 2031.

Ülker Bisküvi US$600 million Eurobond, 2020
Eren represented 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.

Arabian Centres Company US$600 million Sukuk, 2019
Eren represented 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.

Yapı Kredi Bank US$650 million AT1 Notes, 2018
Represented Yapı ve Kredi Bankası A.Ş, in its inaugural issuance of U.S.$ 650 million AT1 notes, which was the first issuance of AT1 notes by a Turkish issuer. This transaction was coupled with a U.S.1 billion rights issue.

Equity Capital Markets

Hepsiburada.com Nasdaq IPO, 2021
Eren represented Hepsiburada.com ("HEPS") in its US$780 million IPO (including green-shoe) on Nasdaq. This landmark transaction marks several market firsts: first IPO by a Turkish company on Nasdaq, largest Turkish tech IPO in history and a largest Turkish IPO in over a decade. First-day market capitalization of HEPS reached US$4 billion. Morgan Stanley & Co, J.P. Morgan Securities, Goldman Sachs & Co, BofA Securities and UBS Securities acted as the bookrunners.

Aselsan SPO, 2018
Eren represented Ak Yatırım, Garanti Yatırım, İş Yatırım, Vakıf Yatırım, Yapı Kredi Yatırım and Ziraat Yatırım as underwriters in the secondary public offering of Aselsan Elektronik Sanayi ve Ticaret A.Ş., the leading Turkish high-technology defense and security company.

Şok Marketler IPO, 2018
Eren represented BAML, Credit Suisse, J.P. Morgan, Ünlü & Co, Citi, UniCredit, and Garanti Yatırım as the underwriters on the US$531 million initial public offering of Şok Marketler A.Ş. on Borsa Istanbul.

Enerjisa IPO, 2018
Eren represented Enerjisa, a leading Turkish energy distribution and retail company, in its US$352 million initial public offering and listing on Borsa Istanbul.