Capital Markets and Finance

• Advised Türkiye’s sovereign wealth fund, Türkiye Varlık Fonu (TWF), as guarantor, and TVF İFM Gayrimenkul İnşaat ve Yönetim A.Ş., as obligor, on the issuance of $750 million Lease Certificates due 2030 by TVF Varlık Kiralama A.Ş, representing the first international sukuk issuance by a Turkish corporate.
• Advised Türkiye Petrolleri Anonim Ortaklığı (TPAO), Türkiye’s state oil and gas company, on the establishment of its $4 billion trust certificate issuance program and the successful completion of its inaugural $1 billion lease certificates issuance.
• Advised Türk Telekom on its inaugural $600 million senior unsecured lease certificates issuance, representing a first‑of‑its‑kind transaction by a Turkish telecommunications company using a novel structure, as well as on its $600 million green bonds issuance. 
• Advised Ziraat Katilim Bankasi A.S. on its debut international issuance of $500 million lease certificates by Ziraat Katilim Varlik Kiralama A.S, representing the first international issuance by a state-owned participation bank in Türkiye.
• Advised Kuveyt Türk Katilim Bankasi A.S. on the landmark issuance of US$350 million of fixed-rate resettable sustainability Tier 2 certificates, representing the world’s first sustainable regulatory capital sukuk issuance.
• Advised Warba Bank K.S.C.P. on the establishment of a $2 billion trust certificate programme by Warba Sukuk Limited and the issuance of $500 million sustainable trust certificates due 2029, representing the first-ever sustainable Sukuk issuance out of Kuwait.
• Advised Capital Investments (DIFC) Ltd. and Capital Investments and Brokerage Company / Jordan Ltd. on Capital Bank of Jordan’s inaugural $100 million Reg S perpetual Basel III-compliant additional tier 1 capital securities offering, the first such issuance out of Jordan.
• Advised Albilad Capital on the updates and drawdowns under the SAR400 million and SAR500 million Sukuk issuance programme of Morabaha Marina Financing Company and Maalem Financing Company, respectively.
• Advised Albaraka Turk Katilim Bankasi A.S on the establishment of a $1 billion sukuk programme listed on the ISM and multiple issuances thereunder, representing the first ever international public sukuk program by a Turkish participation bank.
• Represented the financier on a complex, multi-jurisdictional secured direct lending transaction involving a term loan facility to a global fashion house originating from the Middle East.
• Advised a number of Saudi Arabian entities on legal due diligence of their United Arab Emirates (UAE) operations in connection with a planned initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).