Allen & Overy Shearman Sterling and its Turkish affiliate Gedik & Eraksoy have advised the joint bookrunners on Turkiye Is Bankasi’s debut international Additional Tier 1 bond issuance, raising USD 500 million.
According to Gedik & Eraksoy, the bond, with a 9.125% coupon rate, marks the first international issuance from Turkiye in 2025 and received strong demand from a diverse global investor base.
The Gedik & Eraksoy team included Partner Umut Gurgey, Senior Associate Dilsah Gurses Erulutekin, and Associate Melis Yilmaz Diler.
The A&O Shearman team included Paris-based Partner Diana Billik and London-based Partner Jamie Durham.
Gedik & Eraksoy did not respond to our inquiry on the matter.
