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Baker McKenzie and A&O Shearman Advise on Turkiye Wealth Fund's USD 1 Billion Dual-Tranche Eurobond

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Baker McKenzie and its Turkish affiliate law firm Esin Attorney Partnership have advised Turkiye Wealth Fund on a USD 1 billion Reg S Eurobond issuance offered in two tranches with maturities of 5.5 and 10 years. A&O Shearman and its Turkish affiliate law firm Gedik & Eraksoy advised the banks.

According to Baker McKenzie, the offering drew nearly USD 10 billion in orders. The joint global coordinators and joint bookrunners included Banco Bilbao Vizcaya Argentaria, Citigroup Global Markets Limited, Emirates NBD Bank, and ING Bank N.V. Additional joint bookrunners included Arab Banking Corporation, First Abu Dhabi Bank, ICBC Standard Bank, Intesa Sanpaolo, J.P. Morgan Securities, Merrill Lynch International, SMBC Bank International, Societe Generale, and Standard Chartered Bank.

The Baker McKenzie team included London-based Partner James Tanner.

The Esin Attorney Partnership team included Partner Muhsin Keskin, Senior Associate Zeki Nizam Cebe, and Associate Semih Aktas.

The A&O Shearman team included London-based Partner Jamie Durham and Senior Associate Aditya Vikram.

The Gedik & Eraksoy team included Partner Umut Gurgey and Associate Gurses Erulutekin.

Turkiye Wealth Fund’s in-house legal team included Vice President-Attorney at Law Gizem Zeynep Bolukbasi Komuryakan, Senior Counsel Omer Kahraman Kurtoglu, and Legal Counsel Oguz Karabay.

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Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

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