We are proud to have acted as legal advisor to Ziraat Katılım Bankası on its issue of USD 500 million sukuk (Islamic bond certificate) outside Türkiye on Euronext Dublin. It is the first international sukuk issuance of a stated owned Islamic bank operating in Türkiye and the offering was almost five times oversubscribed.

Paksoy team was led by partner Sera Somay, together with senior associate Merve Kurdak, and associates Melis Gençol İnce and Bengisu Yılmaz.

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This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.


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