We are proud to have acted as legal advisor to Türk Ekonomi Bankası A.Ş. (“TEB”) on its issue of USD 400 million Fixed Rate Resettable Tier 2 Notes due 2034 outside. 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 and it was seven times over-subscribed. This transaction marks TEB’s first issuance in the international Debt Capital Markets.
Paksoy team was led by partner Ömer Çollak, together with counsel Merve Kurdak, and associate Melis Gençol İnce.
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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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