23 Oct 2025

"Allen Overy and Shearman Sterling Advise on Turkiye Is Bankasi's $500 Million Tier 2 Notes Issuance"

"Allen Overy Shearman Sterling and its Turkish affiliate Gedik & Eraksoy have advised on Turkiye Is Bankasi's issuance of $500 million fixed rate resettable tier 2 notes, maturing in 2036. The teams included various partners and associates from both law firms."

Allen Overy, Shearman & Sterling, and their Turkish affiliate law firm Gedik & Eraksoy participated in the transaction by advising the joint bookrunners on Turkiye Is Bankasi’s issuance of USD 500 million fixed rate resettable tier 2 notes due 2036. The transaction involved the issuance of fixed rate resettable tier 2 notes, which are a type of debt instrument that allows the issuer to reset the interest rate at specified intervals, providing flexibility in financing. The legal teams involved in the transaction included from Gedik & Eraksoy: Partner Umut Gurgey, Senior Associate Dilsah Gurses Erulutekin, and Associate Ozan Geyik. From Allen Overy and Shearman & Sterling, the team comprised Partners Jamie Durham and Sachin Dave, Senior Associate Seungwook Koo, Associate Linda Chausheva, and U.S. Law Clerk Chandrasekar Sriram.
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