Turkey's Largest Capital Markets Event

Book your place before 25th October. to SAVE £100 enter code DM2 at www.BondsLoansTurkey.com

TURKEY’S LARGEST CAPITAL MARKETS EVENT

Shangri-La Bosphorus, IstaNbul

Strategic Partner Platinum Sponsor

Gold Sponsors Lunch Sponsor

Silver Sponsors Bronze Sponsors

www.BondsLoansTurkey.com WELCOME TO Bonds, Loans & Sukuk Turkey 2019 550+ REASONS TO ATTEND: attendees

1 Attended by Decision-makers and Market Practitioners: This is the only event in Turkey bringing together senior bankers, corporates and regional and international investors from Turkey, Europe, Middle East, US and Asia. Network with over 550 CFOs, Treasurers, Fund Managers, Bankers and Advisors, who are actively looking for opportunities to raise and deploy capital and move the Turkish Capital 95% Markets forward. Director level or above 2 Hear global investors’ perspective on how Turkey can best diversify their funding strategy to retain international investment and the experiences of issuers who are actively looking to secure funding in the bond and loan markets:

Event content addressing the latest challenges, and presenting issuers 3 and borrowers with solutions. Topics to be covered include: • Expectation in a year of elections: How do investors, lenders and issuers feel about Turkey’s outlook in Q4 and for the first half of 2020? 63% • Sourcing alternative funding: What factors should be considered when Corporate & FI Issuers diversifying funding mix? What other options are available away from and Borrowers, EUR/USD? Investors and • Back on the road to refinancing: What are the critical success factors project finance teams need to employ for achievable tenors and Government competitive pricing? • Evolution of Environmental, Social Governance (ESG) and sustainable Bonds, Loans & Sukuk Turkey is a unique event that brings finance in Turkey: How to capitalise on Turkey’s green effort together policy makers, issuers and investors. It is a fantastic platform for exchanging thoughts on key industry trends, debating current • Unlocking Turkey’s distressed asset potential: How restructuring can & future issues and for networking. I have been attending Bonds provide a platform for the return of international investors & Loans events for many years and always found them to be very • Evaluating steps that need to be taken to encourage the nascent professionally and wonderfully organized. I will definitely be back at Islamic finance market in Turkey another Bonds & Loans event! 60+ 4 Vote for your winner: Voting for the Bonds & Loans Turkey Awards Ashwinder Singh Bakhshi, Barings will be conducted at the conference by attendees speakers 2 Senior Level Speakers include

John Bates, Giulia Pellegrini, Tim Ash, Todd Schubert, Senior Vice Portfolio Senior EM Managing Director President, EM Manager and Sovereign and Head of Fixed Corporate Analyst, Frontier Markets Strategist, Income Research, PineBridge Economist, Blue Bay Asset Bank of Singapore Investments BlackRock Management

Kaan Nazli, Osman Yilmaz Görkem Elverici, Hakan Aras, Senior Economist, Chief Financial Chief Financial Chief Financial Emerging Market Officer, Officer, Officer, Debt, Turkcell Sisecam Borusan Enerji Neuberger Berman

Selahattin Bilgen, Brigitte Posch, Ashwinder Singh Ahmet Burak Chief Financial Managing Director, Bakhshi, Dağlıoğlu, Officer, Head of Emerging Director, Financial Vice President, IGA Airport Markets Debt, Sector Research, Invest in Turkey Apollo Barings Global Asset Management

3 The event in numbers

Audience breakdown by sector Audience breakdown by seniority

2% Managing Director/Heads of 5% Other International & 36% Regional Law firms 11% Government, ECA & Development Banks Vice President/Director 47% 350+ Corporate 29% 550+ & FI 14% AttendeesAttendees issuers and Investors borrowers CEO/CFO/CIO 21% 24% International and regional banks

Partner 11% Bonds, Loans & Sukuk Turkey is a fantastic event where I can see many financial institutions and colleagues from all over the world. It also provides a useful market update, covering the latest developments in the Turkish Capital Markets. Muzaffer Aksoy, Bank ABC Companies that attend Bonds, Loans & Sukuk Turkey

24 Gayrimenkul Portfoy Yonetimi Bereket Enerji Demiroren Holding Intercity Oyak Securities TEB ABank Bezen & Partners DenizBank International Finance Corporation Ozbal Çelik Boru TEB Asset Management Abdul Latif Jameel International Bilkent Holding A.Ş. Dentons (IFC) Ozbal Steel Pipe Company Tekfen Construction and Installation Acibadem Saglik Hizmetleri (ACIBD) BLG Capital Dogan Holding Invest in Turkey Paksoy Attorneys at Law TOFAS Turk Otomobil Fabrikası ACT Venture Capital BNY Mellon Dogus Holding Is Asset Management Palmera Capital Limited Toprak Mahsulleri Ofisi ACTUS Asset Management Borsa Istanbul Dogus Insaat IS Bankasi Park Holding Toros Tarım Air Finance One Consulting Ltd Borusan Enerji Eczacibasi Holding Istanbul Gold Refinery Pegasus Airlines TSKB Ak Asset Management Borusan Holding Ege Kimya Istanbul Metropolitan Municipality Petkim Petrokimya Holding Tupras AK Enerji Bosch Emd Enerji Merkezi Istanbul Portfolio Management PFS Finance Turcas Petrol AK Investment Boydak Holding Emirates NBD Kalyon Construction Industry and PineBridge Investments Türk Eximbank Akbank TAS Boyner Buyuk Magazacılık Emta Trade Pladis Turk Telekom Akcansa Cimento Brisa Bridgestone Sabanci Lastik Enerjisa Karaca Zuccaciye Ticaret ve Sanayi A.Ş Portigon Financial Services TURKCELL Akfel Gaz San. Ve Tic. A.Ş. British Chamber of Commerce in Engie Karadeniz Holding Presidency of the Republic of Turkey Turkcell Finansman Akfen Holding Turkey Entek Elektrik Uretimi A.S. Kastamonu Entegre Privatization Administration of the Turkey Wealth Fund Akfen Renewable Energy Burgan Bank Enterprise Rent a Car Kayi Holding Republic of Turkey Turkish Airlines Akin Gump Strauss Hauer and Feld Çakmak Avukatlık Ortaklığı Erdemir Kibar Holding Qatar Financial Centre Turkish Bank Akol Namlı & Partners Calik Enerji Eren Kipas Holding QNB Finansbank Turkiye Finans Aksa Calik Holding Esin Attorney Partnership Koc Holding Rasmala Turkven Private Equity AKT Law Firm Canakkale Otoyol ve Koprusu Insaat Eurasia Group Kolin Construction, Tourism Industry Rimrock Capital Management Tuyap Tum Fuarcilik Yapim Alarko Holding Yatırım ve Isletme Euronext Dublin and Trading Co. Ronesans Gayrimenkul UK Export Finance Albaraka Turk Capital Investments European Bank for Reconstruction and Kordsa Global Endüstriyel İplik Ve Ronesans Holding Undersecretariat of Treasury, Turkey Allen & Overy Capital Markets Authority, Saudi Development (EBRD) Kord Bezi S&P Global Unlu & Company Allianz Arabia Fast Track Group Latham & Watkins LLP Sarkuysan Elektrolitik Bakir San Ve Tic Untes Isitma Klima Sogutma San. Anadolu Efes Capital Markets Board of Turkey Fitch Ratings Limak Holding Seker Asset Management Tic. A.S. Anadolu Group CARGILL French Embassy, Turkey Linklaters Siemens Vakif Emeklilik Ve Hayat Anagold CCI - Coca Cola Icecek Galataport Logos Portfoy Yonetimi Simmons & Simmons Vakif Katilim Apollo Asset Management CCN Holding GAMA Enerji A.Ş Manulife Asset Management Sisecam Vakifbank Apollo Management Celikler Taahhut İnsaat Ve Sanayi Garanti Bank Medical Park SMBC Nikko Capital Markets Volkswagen Doğuş Finans Arçelik Cengiz Construction Industry and Gedik and Eraksoy Merit Risk Yonetimi Socar Waha Capital Assan Aluminyum Trade GKC Partners Meyerlustenberger Lachenal Societe Generale White & Case Astaldi Concessioni S.p.A. Central Bank of Turkey Globalsource Partners Migros Ticaret Sofac Winston & Strawn LLP Ata Asset Management Cimsa Güriş Mineks International Solimpeks Enerji World Bank Group Atlas Portfoy Yonetimi Cimsa Cimento Halk Portfoy MNG Soyak Holding Yapi Kredi Bank AVRASYA GAZ A.Ş. Ciner Group Halkbank Moody’s Investors Service Standard Chartered Bank Yapi Kredi Leasing Aygaz Cinigaz Dogalgaz Harmony Gold MUFG STFA Group Yapı Kredi Yatırım Azimut Citi Hattat Holding NBK Capital Partners SUEK Yapi Merkezi Azimut Bosphorus Capıtal Portfoy CK Enerji Yatırım Hayat Kimya Sanayi Netas Sumitomo Mitsui Banking Corporation Yasar Holding Yonetimi Coca Cola Icecek Hayat Varlık Nippon Export and Investment (SMBC) YDA Construction Industry and Trade Baker & Mckenzie Commercial Bank of Qatar Hogan Lovells Insurance (NEXI) SunExpress Yeni Cagdas Yenikoy Kemerkoy Elektrik Uretim ve Balcioglu Selcuk Akman Credit Suisse Horoz Lojistik Kargo Hizmetleri Ve Noah Holdings (Hong Kong) Limited Sur Yapi Ticaret A.S. Bank ABC Credit Suisse İstanbul Menkul Degerler Ticaret Noor Bank Taaleri Portfoy Yonetimi Yildirim Holding Bank of Singapore Dagi Giyim HSBC Novalpina Capital Tab Gida Sanayi Ve Ticaret Yildiz Holding Banking Regulation and Supervision Darby Overseas Investments IC Holding Nurol LLC Tacirler Portfoy Yonetimi Yolbulan Bastug Metalurji Agency Defacto Grubu IC Investment Holding Nurol Yatırım Bankası Tasarruf Mevduatı Sigorta Fonu Yüksel İnşaat Banvit Bandirma Vitaminli Yem Sanayii Demir Export ICBC Standard Bank Nuve Capital TAV Airports Holding Ziraat Bankası Barings Demirer Holding İGA Airport Osmanli Menkul Degerler TAV Construction Ziraat Katilim Bank

For the full list of participants call Elvan Cosgun on +44 (0)207 045 0935 5 Programme Day One: Wednesday 13th November 2019

08.00 09.40 10.55 Registration and coffee Rates, FX, trade, politics and markets: How is Turkey’s Understanding the benefits of alternative funding: What steps 08.50 economy responding to international and domestic do issuers need to take to ensure diversification is part of their uncertainty? long-term funding strategy? Chairman’s opening remarks • Expectation in a year of elections: How do investors, lenders and • Sourcing alternative funding: What factors should be considered Spencer Maclean, Global Head of Bond Syndicate, Standard issuers feel about Turkey’s outlook in Q4 and for the first half of when diversifying funding mix? What other options are available Chartered Bank 2020? away from EUR/USD? 09.00 • How is Turkey’s economy responding to international and • Restoring investor confidence in Turkey: What critical success factors Keynote address: Boosting liquidity and enhancing domestic volatility? do international investors need to restart long-term investment into efficiencies in Turkey’s capital markets • What will be the impact of general geopolitical tensions on the Turkish market? • Turkey’s capital markets and Borsa Istanbul’s role and mandate Turkey’s capital flows? • Potential IMF collaboration: How can Turkey benefit from this • Reference interest rate index • Examining what impact the shifting supply and demand supportive relationship? • Boosting swap market liquidity dynamics in the oil sector will have on Turkey’s economy? • Looking to the Middle and Far East: How can Gulf investment interest in Turkey be measured? Is it more forthcoming than Asian 09.20 Naz Masraff, Director of Europe, Eurasia Group investment? Tightening monetary policy, fluctuating interest rates and John Bates, EM Corporate Analyst, Senior Vice President, FX restrictions: How is Turkey’s economic and fiscal agenda PineBridge Investments • ECAs a vehicle for alternative funding: What are the challenges facing ECAs in the Turkish market? for 2019/20 affecting the bonds and loans markets? Philippe Dauba-Pantanacce, Geopolitical Strategist, Standard Portfolio Manager and Frontier Markets Economist, • Balancing interest rates vs. managing FX volatility vs. Chartered Bank Giulia Pellegrini, BlackRock encouraging growth: How does the government plan to sustain 10.25 Tim Ash, Senior EM Sovereign Strategist, Blue Bay Asset Management a steady monetary policy, implement a new tax structure and Coffee and networking break ensure fiscal discipline? Ashwinder Singh Bakhshi, Director, Financial Sector Research, Barings • Monetary policy and interest rates strategy: What is the new Moderated by: Brigitte Posch, Managing Director, Head of Emerging equilibrium (benchmark) rate of interest? Markets Debt, Apollo Global Asset Management • How will the new benchmark rate impact on bonds and loans activity?

6 View the full agenda online at www.BondsLoansTurkey.com Programme Day One: Wednesday 13th November 2019

11.40 14.15 Evolution of Environmental, Social Governance (ESG) and Evaluating steps that need to be taken to encourage the sustainable finance in Turkey: How to capitalise on Turkey’s nascent Islamic finance market in Turkey green effort • What are the potential implications for the market if Turkey debuts • Increased international appetite for ESG as an investment tool: its first offshore corporate sukuk? How can Turkish issuers improve ESG scores? What do investors • New deals are on the horizon but is pricing prohibiting issuances? expect versus reality? • Where should Turkey look for sukuk investment? Importance of • What steps do issuers and investors need to take to issue green for tapping into developed sukuk markets with spotlight on Malaysia the first time in Turkey? and Indonesia • Which Turkish corporates are developing sustainable finance • How much appetite do Asian investors have for Turkish sukuk? products? What are criteria are they looking for in their banking relationship? • How can issuers develop relationships with Islamic focused investors to encourage more activity? • Green bonds vs. green loans: What lessons can Turkey learn from successful green issuances, particularly in Latin America? How can Ahsan Ali, Managing Director, Head of Islamic Origination, this be applied to the Turkish market? Standard Chartered Bank Rizwan Kanji, Partner, Akin Gump Strauss Hauer & Feld LLP Osman Yilmaz, Chief Financial Officer,Turkcell 12.25 How are Turkey’s blue-chips approaching the capital markets in an unpredictable economic environment? • How do Turkish treasury and funding teams interpret ongoing FX exposure and turbulent bonds and loans markets over the next 6 – 12 months? • Can the economy be buoyed by mid-tier corporates who are less at risk? • What impact does the hesitancy towards foreign currency loans have on blue-chips’ funding portfolio? What alternatives are available? I believe this is one of the best events organized in • Bonds vs. Loans, USD/EUR vs. TRY: Which options are more favourable to Turkish corporates? How will the supply/ demand for Istanbul. It provides all participants with significant each evolve over the next 6-12 months? • ECA opportunities for Turkish corporates: How can institutions information and insight regarding the markets and leverage ECAs’ desire to issue long-term local currency loans? Görkem Elverici, Chief Financial Officer,Sisecam the players. Orhun Kostem, Chief Financial Officer,Anadolu Efes Markus Bayer, Head of CEE Debt Capital Markets, MUFG Securities Semih Ergür, IC Holding Derin Altan, Partner, GKC Partners 13.10 Networking lunch sponsored by

15.15 16.15 17.00 Understanding the current credit market in light of a What are the new demand and supply dynamics driving Examining long term TRY financing as an alternative to changing economy: How are investors pricing Turkish bonds? Turkey’s syndicated loan markets? foreign currency lending • Politics, market dynamics and credit ratings: How is uncertainty • Shortened tenors as a result of fluctuating commercial lending • Increased growth in TRY loans with particular focus on injecting being priced into Turkish bonds? Is issuing a multi-tranche, multi-currency loan in the current capital into the SME portfolio: What structures are working? • With potential downgrades on the horizon, how are investors economic climate still viable? How will pricing be impacted • Transitioning from 3 and 4 year maturities to long-dated TRY hedging their exposure to Turkey? following a year of elections? financing: What options are on the table? • What steps do banks and issuers need to take to increase liquidity • With banks reluctant to lend amidst current uncertainty, what • How can bankers, issuers and investors work together to increase in the bond market? options do local borrowers have to continue their current tenors on local deals from 3-4 years to 10 years plus? syndication pipeline? this line of syndications? • Methods to balance pricing in order to encourage issuers to come • How is the volatility of other major EM currencies against the lira to market • New players and products in the market: Where are they looking impacting long term TRY financing as a viable option? to lend? How do new products add value to an already competitive • Looking Eastwards: Gauging Asian investor appetite in Asia for syndicated loan market? 17.45 Turkish bonds and sukuk • Assessing blockchain as a tool for diversifying Turkey’s syndicated Chairman’s closing remarks followed by evening reception • One Belt One Road: What Chinese projects will come online in loan portfolios Spencer Maclean, Global Head of Bond Syndicate, Standard Turkey over the coming months? Farhan Malik, Vice President, Syndications Capital Markets, Bank ABC Chartered Bank Richard Segal, Senior Emerging Markets Strategist, Manulife Asset Management Todd Schubert, Managing Director and Head of Fixed Income Research, Bank of Singapore Kaan Nazli, Senior Economist, Emerging Market Debt, Neuberger Berman Nadia Zubairi, Head of Debt Capital Markets, Bank ABC Hussain Zaidi, Managing Director, Bond Syndicate, West, Standard Chartered Bank 16.00 Networking break

Bonds, Loans & Sukuk Turkey has become the meeting point for all the important players in Turkey’s financial markets. Selahattin Bilgen, IGA Airport

8 View the full agenda online at www.BondsLoansTurkey.com Programme Day Two: Thursday 14th November 2019

08.30 10.30 12.30 Registration and coffee Coffee and networking Turkey Deals of the Year Case Study Roadshow 08.50 11.00 The session reviews the leading transactions from the past Chairman’s opening remarks Financing Turkey’s energy sector post-2020: What year. A selection of the shortlisted nominees of the Bonds, Loans & Sukuk Turkey Deals of the Year will present their 09.00 steps need to be taken to ensure local and international investment into renewables continues following changes in transactions, and by analysing the borrowers’ objectives, Unlocking Turkey’s distressed asset potential: How regulation? deals’ structure, market response and investor sentiment, restructuring can provide a platform for the return of highlight what made them so innovative and ground-breaking. international investors • How can Turkish developers re-engage international interest to For borrowers, this is your opportunity to hear about demonstrate the door for investment is still open? What other accessing new markets to secure financing. Categories in the • Understanding legal challenges to accelerate restructuring renewable projects are on the table? agreements: Methods to bridge the gap between previous, new awards include: securities and understanding implications of non-compliance • Is the rigorousness of the regulation deadline keeping away • Financial Institutions Deal of the Year investors or protecting TRY financing in the energy sector? • Stimulating refinancing by converting NPLs into a useable product • Project Finance Deal of the Year to maximise proceeds • What are the government provisions for Non-Performing Loans (NPLs) in the energy sector? • 144a/RegS Bond/Sukuk Deal of the Year; Islamic Finance • What do investors need to see from corporates with large foreign Deal of the Year; Structured Loan debt portfolios to take the plunge to invest? • ECAs, DFIs and IFIs: Will their appetite to lend to energy projects in Turkey change in light of the regulation? How can developers • 144a/RegS Bond/Sukuk Deal of the Year; Structured Bond • How can corporates increase liquidity levels and restructure secure more funding from these lenders? Deal of the Year foreign debt assets to gain an attractive price for investors? Hakan Aras, Chief Financial Officer, Borusan Enerji • IPO/Equity Capital Markets Deal of the Year Kamil Ozalp, Chief Financial Officer, Dogus Enerji and Construction Arif Ozozan, Managing Director, GAMA Enerji Moderated by: Güniz Gökçe, Partner, GKC Partners 11.45 13.15 09.45 Critical success factors to ensure continued Asian Chairman’s closing remarks followed by networking investment into Turkey: Are Asian players in the Turkish lunch sponsored by MUFG and close of conference Refinancing Turkish projects and CAPEX: A question of market ready to lend? education and understanding where to turn • One Belt One Road: What Chinese projects will come online in • Back on the road to refinancing: What are the critical success Turkey over the coming months? factors project finance teams need to employ to secure longer tenors and competitive pricing? • How to convert interest into active investment in Turkish projects • Can upcoming refinancings be absorbed into the active Eurobond market? • How can Turkish corporates attract Chinese investment? • PPPs and the evolution of project bonds: Investors are exiting • Will Asian investors follow Chinese banks into Turkey? long-term projects, how are developers going to fill the funding gap? Which structures allow for access to new capital? How can Ahmet Burak Dağlıoğlu, Vice President, Invest in Turkey 11.45 project bonds work for different investors? • Coming and going: Which international investors are looking to sponsor projects previously sponsored by larger local players? • Using ECAs as a vehicle for first time project financing: What are the benchmark criteria companies should employ? • Can government incentives be a tool to alleviate international concern in the first time project space? Selahattin Bilgen, Chief Financial Officer, IGA Airport Elchin Ibadov, Chief Financial Officer, Socar Moderated by: Yeşim Bezen, Senior Partner, Bezen & Partners

Register your place online at www.BondsLoansTurkey.com 9 Gain exposure amongst Turkey’s finance professionals Stand out from the crowd by becoming a sponsor. Benefits of your participation include:

Connect with hard to reach clients by using our 1-to-1 meeting service - get the attendee list 2 weeks before the event so you can pre-arrange meetings.

Showcase your expertise in the region – by presenting a case study to a room full of potential clients.

Increase awareness – by taking an exhibition space and demonstrating your products and services.

Win more business – packages include a number of staff passes so you can cover more clients.

Increase your brands presence – through the numerous branding opportunities available

The 1-to-1 meeting service was very effective and efficient for us. It helped us to meet with existing clients as well as new clients we didn’t have a chance to connect with in the past. It also enabled us to have valuable time with them Meet 63% Corporate & Speak in front Network 550+ to discuss the important topics we could not FI Issuers and Borrowers, of 550+ with150 attendees550+ cover during the networking breaks. Investors and Government stakeholders CEO/Director’s attendees Gulcan Ustay, Fitch Ratings

10 Exhibition 1-to-1 Opportunities meeting space

Branded business lounges

Speaking Multiple staff positions passes