Paksoy advised QNB Finansleasing, a financial leasing company and a subsidiary of QNB Finansbank in Turkey, on its wakala sukuk issuance where the Capital Market Boards of Turkey has approved the issuance limit of TL 1 billion. The transaction represents the first ever sukuk issuance in Turkey by a non-bank financial institution and by a financial leasing company.
Paksoy is pleased to announce that the Islamic Finance team led by Sera Somay (Partner), Burak Kepkep (Senior Associate) and Soner Dağlı (Associate) acted as the local counsel for QNB Finansleasing on this transaction.
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