Clifford Chance has advised the joint bookrunners Citi and ICBC Standard Bank on Turkiye Halk Bankasi’s issuance of USD 700 million Reg S 9.300% perpetual fixed rate resettable Additional tier 1 notes.
According to Clifford Chance, the transaction marks a major milestone in Halkbank’s capital strengthening strategy, leveraging capital instruments that qualify as additional tier 1 capital under Basel III regulations.
The Clifford Chance team included Istanbul-based Partner Sait Eryilmaz, Senior Associate Ali Can Altoparmak, and Trainee Alper Eski and further team members in London.
Clifford Chance did not respond to our inquiry on the matter.
