Akin with TPAO $500 M tap issuance of $1 bn lease certificates

Akin’s Dubai capital markets team advised Türkiye Petrolleri Anonim Ortaklığı (TPAO), Türkiye’s state oil and gas company, on the $500 million tap issuance of its inaugural $1 billion lease certificates, issued under TPAO’s $4 billion trust certificate issuance program.

The lease certificates were issued through TPAO’s asset leasing company, TPAO Varlik Kiralama A.Ş., with Standard Chartered Bank and Emirates NBD Capital serving as joint lead managers.

The Akin team

Capital markets partner Rizwan Kanji (pictured) led the Akin team on the matter, working alongside counsel Nicola Minervini and Sahar Abas.