A&O Shearman and its Turkish affiliate law firm Gedik & Eraksoy have advised the joint bookrunners of Garanti BVA's USD 750 million fixed rate resettable tier 2 notes and the dealer managers on the tender for the USD 750 million nominal value of the tier 2 bond issued in 2017.
According to A&O Shearman, the transaction "represents the highest tier 2 amount issued by a Turkish bank in 2024."
The Gedik & Eraksoy team included Partner Umut Gurgey, Senior Associate Dilsah Gurses Erulutekin, and Associate Melis Yilmaz Diler.
The A&O Shearman team was led by London-based Partners Diana Billik and Jamie Durham.
Gedik & Eraksoy did not respond to our inquiry on the matter.
