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Paksoy Advises on QNB Finansbank USD 500 Million Bond Issuance

Paksoy Advises on QNB Finansbank USD 500 Million Bond Issuance

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Paksoy, working with Herbert Smith Freehills, has advised the joint lead managers of QNB Finansbank's USD 500 million issuance of 2029 bonds. Mayer Brown reportedly advised the issuer.

The joint lead managers included Citigroup Global Capital Markets, Emirates NBD, JP Morgan, Mizuho, QNB Group, Societe Generale, and Standard Chartered.

QNB Finansbank is a Turkish bank established in 1987 with headquarters in Levent, Istanbul.

According to Paksoy, QNB Finansbank's issuance is aiming to "fund its green and social projects under its USD 5 billion global medium term note program."

Back in 2021, Paksoy advised the EBRD on its investment in QNB Finansbank's green bonds (as reported by CEE Legal Matters on June 24, 2021).

The Paksoy team included Partner Omer Collak, Counsel Merve Kurdak, and Associate Melis Gencol Ince.

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