Press Release
Press Release

White & Case Advises Yapı Kredi on US$500 Million Basel III-compliant Subordinated Debt Issuance

Global law firm White & Case LLP has advised Yapı Kredi, Turkey's fourth largest private bank, on the Rule 144A/Regulation S issue of US$500 million, 8.5 percent Basel III-compliant fixed rate resettable Tier 2 Notes due 2026.

"Our cross-border deal team in London and Istanbul supported our long-standing client, Yapı Kredi, in bringing this transaction to a successful conclusion despite a highly volatile market environment," said London-based White & Case partner Doron Loewinger, who led the Firm's deal team.

Bank of America Merrill Lynch, Citigroup, Mitsubishi UFJ and Unicredit acted as Joint Lead Managers. The Notes have been listed on the Irish Stock Exchange.

The White & Case team which advised on the transaction was led by partner Doron Loewinger (London) and included local partner Derin Altan (Istanbul) and associates Joshua Van der Ploeg (London) and Nil Acar (Istanbul).

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