Paksoy has advised Turkish retail company Migros on the July 19, 2018 issuance of TL150 million bonds in two equal tranches, with two and three years of maturity.
According to Paksoy, “the issuance is listed on Borsa Istanbul and represents the first debt capital markets financing received by Migros.“ The proceeds of the issuance will be used partly to refinance the issuer's certain existing loans, and the EBRD subscribed with a significant amount in order to support local currency bonds and to reinforce its commitment to the markets.
Paksoy’s team included Counsel Okkes Sahan and Associate Nazli Tonuk Capan.
