Paksoy has advised Istanbul Metropolitan Municipality on its USD 580 million bonds issuance.
According to Paksoy, “the bonds [are] due 2025 to international markets, including QIBs in the US under Rule 144A.” The firm reported that, “the net proceeds of issue of the bonds will be used to finance certain projects related to the municipality’s metro railway lines.”
Paksoy’s team consisted of Partner Omer Collak, Counsel Okkes Sahan, and Associate Merve Kurdak Kurtdarcan.
Paksoy did not reply to an inquiry about the deal.
