Capital Markets team of Balcıoğlu Selçuk Akman Keki Attorney Partnership (“BASEAK”) successfully advised The European Bank for Reconstruction and Development (“EBRD”) on its investment in Aksa Enerji Üretim A.Ş.’s Turkish lira-denominated bonds of 3 years maturity. The value of the investment was TL 100 million (approximately €30 million).

Aksa Enerji Üretim A.Ş. is the second largest independent power producer in Turkey amongst public companies. The production portfolio of Aksa Enerji Üretim A.Ş. includes 16 power plants which produce electricity using natural gas, lignite, wind, hydro-electricity, fuel-oil.

EBRD participated as an anchor investor, in Aksa Enerji’s senior unsecured TL denominated bond issuance which was part of Aksa’s existing bond program.

Partner Müfit Arapoğlu, the Head of BASEAK Capital Markets practice, worked with Associate Cenk Yılgör on the transaction.

About Balcıoğlu Selçuk Ardıyok Keki

Balcıoğlu Selçuk Ardıyok Keki Attorney Partnership is an Istanbul-based full service law firm with a team of 130+ lawyers and economists. Our practice focuses on a wide range of areas including real estate, corporate, mergers and acquisitions, banking, project finance, capital markets, competition and anti-trust, employment, litigation and arbitration, telecommunication, regulatory and public law and intellectual property. We represent and advise Turkish and multinational clients, including Fortune 500 companies, in the banking and finance, private equity, real estate, manufacturing, hospitality and leisure, retail, automotive, energy, information technology, life sciences, luxury fashion and beauty, and media sectors.