Paksoy has advised Vakıf Katılım on its inaugural Additional Tier 1 sukuk issuance, valued at USD 500 million — the largest subordinated sukuk ever issued by a participation bank in Türkiye.
The issuance attracted strong demand from more than 80 international investors across the Gulf region, the UK, and Europe, with total orders exceeding USD 1.8 billion, which demonstrates global investors’ confidence in Turkish economy.
Paksoy team, led by partner Sera Somay and supported by counsel Merve Kurdak and associates Muhammed Tosun and Berrak Coşar, provided legal advice on this landmark transaction and is pleased to have supported Vakıf Katılım as Turkish legal counsel.
Share
Related persons
You can contact us for detailed information.




Legal Information
This briefing is for information purposes; it is not legal advice. If you have questions, please call us. All rights reserved.
You May Be Interested In
16 December 2025
We are recognised as Tier 1 in Dispute Resolution and Tier 2 in Arbitration by Benchmark Litigation in Türkiye
We are recognised as Tier 1 in Dispute Resolution and Tier 2 in Arbitration by Benchmark Litigation in Türkiye.
8 December 2025
We are named Turkey Legal Advisor of the Year at the 2025 Mergermarket European M&A Awards
We are proud to share that we have been named the Turkey Legal Advisor of the Year at the Mergermarket European M&A Awards 2025.
4 December 2025
We are, once again, ranked Highly Recommended in Türkiye in the GCR 100 2026
We are, once again, ranked Highly Recommended in Türkiye in the GCR 100 2026, the global guide recognizing the world’s leading competition…
2 December 2025
Serdar Paksoy Shared Insights in the Anti-Corruption Report Interview
David Hill from the Anti-Corruption Report spoke with Serdar Paksoy about the country’s anti-corruption laws, enforcement and related risks…