Paksoy, working with Mayer Brown, has advised Turk Ekonomi Bankasi on its USD 400 million issuance of fixed-rate resettable tier 2 notes due 2034. Allen & Overy and its Turkish affiliate Gedik & Eraksoy reportedly advised the joint bookrunners.
According to Paksoy, “the notes are admitted to listing and trading on Euronext Dublin. TEB’s tier 2 issuance is a new record among Turkish issuers with demand exceeding USD 2.9 billion – it was seven times over-subscribed.”
The Paksoy team included Partner Omer Collak, Counsel Merve Kurdak, and Associate Melis Gencol Ince.
