Paksoy has provided Turkish advice to Odea Bank A.S. on its August 1, 2017 issuance of USD 300 million Basel III compliant Tier 2 bonds due 2027 — the bank's first ever Tier 2 bond issuance. Bank of America Merrill Lynch and J.P. Morgan — advised by Allen & Overy and Gedik & Eraksoy — were Joint Bookrunners and Joint Lead Managers, with Audi Investment Bank acting as the Co-Manager.
Paksoy worked alongside English and US counsel Dechert on the issuance.
The Paksoy team was led by Partner Omer Collak, assisted by Associate Pinar Tuzun.
Editor's Note: After this article was published Gedik & Eraksoy confirmed that it had worked on the deal alongside Allen & Overy. The combined team consisted of London-based A&O Partners Philip Smith, Sachin Dave, and Philip Smith, Istanbul-based Gedik & Eraksoy Partner Hakki Gedik, London-based Associates Annabel Ballance, Louise Hennessey, Umut Gurgey, Cieren Leigh, Kateryna Kuntsevich, and Alana McCurley, Istanbul-based Associate Dilsah Gurses, London-based Trainee Margaret Armoo-Daniels, and Istanbul-based Trainee Burak Ozsoy.
