Global law firm White & Case LLP has advised VTB Capital plc on its issuance of TL 300 million (approximately US$ 167.7 million) 11.28% bonds due 2015 to qualified investors in Turkey. The transaction represents the first Turkish lira-denominated bond issuance in Turkey by a non-Turkish issuer.
"We are extremely pleased to have been a part of this groundbreaking transaction," said White & Case partner Meltem Akol. "This is another 'first of its kind' for VTB and paves the way for other international issuers who are interested in raising funds in the Turkish market."
The White & Case team was led by Istanbul partner Meltem Akol with associates Ali Uzun and Lara Sezerler.
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