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Paksoy Advises IFC, AIIB, and DFC on Akbank’s USD 300 Million Subordinated Debt Placement

Paksoy Advises IFC, AIIB, and DFC on Akbank’s USD 300 Million Subordinated Debt Placement

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Paksoy has advised investors IFC and the Asian Infrastructure Investment Bank on Akbank’s USD 150 million issuance of sustainable tier-2 notes and the DFC on Akbank's USD 150 million issuance of gender tier-2 bonds. Allen & Overy reportedly advised Akbank.

IFC, a member of the World Bank, is a global development institution focused exclusively on the private sector in developing countries.

The Asian Infrastructure Investment Bank is a multilateral development bank and international financial institution.

The US' International Development Finance Corporation is a development finance institution and agency of the United States federal government.

Akbank, founded in 1948, is one of Turkey's banks. Listed on the Borsa Istanbul, its largest shareholders are members of the Sabanci family.

The Paksoy team included Partner Omer Collak, Senior Associate Merve Kurdak, and Associate Bengisu Yilmaz.

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