News

We advised Alternatifbank on its inaugural offering of USD 200 million Additional Tier 1 Notes

Ciftci Attorney Partnership together with Istanbul offices of Clifford Chance advised Alternatifbank, a private bank in Turkey and a subsidiary of the Commercial Bank (P.S.Q.C.), on its offering of USD 200 million Additional Tier 1 Notes.

The notes have been admitted to trading on the regulated market of Euronext Dublin, and Commerzbank acted as the sole lead manager for the issuance. This deal marks the first Additional Tier 1 bond issuance of the year out of Turkey.

Ciftdi Attorney Partnership team was led by Partner Sait Eryılmaz with support from Associate Ali Can Altıparmak.