Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 27-09-2011 | Practice Area: | Debt Capital Markets |
| Deal Title: | Sekerbank SME Covered Bond Programme | Industry: | Banks |
| Description: |
YaziciLegal advised UniCredit Bank AG, London Branch (the arranger) and Sekerbank (the issuer) as the Turkish transaction counsel on the establishment of a Turkish covered bond programme for Sekerbank and further issuances thereunder. The transaction is the first Turkish covered bond in Turkish Lira ever issued and it is also the first-ever structured finance deal in Turkey backed by existing balance sheet assets and globally the first covered bond backed by SME receivables. The covered bond is also the first Turkish bond to earn an "A3" rating from Moody's Investors Service. YaziciLegal team included Hakan Yazici, Pınar Basdan Cetinel and Gunes Yalcın.
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| Financial Center: | Istanbul | Value: | 100.01-500.00 |
| Advised Party: | Arranger | Law Firm | YaziciLegal |
| Assets Jurisdiction | Turkey | Issuer Jurisdiction | United Kingdom |
| Classification: |
Securitisation and Structured Finance Covered Bonds |
Lawyer | Hakan Yazici |
