Derin Altan
Biography
Overview
Derin is a counsel in our Capital Markets practice in Istanbul. He specializes in both equity and debt capital markets issuances, including Islamic products. Derin represents issuers and underwriters in public offerings and projects involving shares, covered warrants, public disclosures, derivative instruments, over-the-counter products, foreign securities, and intermediary institutions.
Additionally, he regularly advises clients on regulatory issues and M&A transactions involving listed entities.
Derin speaks regularly at industry conferences and seminars relating to equity and debt capital markets as well as financing and M&A transactions of public companies. Derin also appears as a guest lecturer in universities and industry groups.
Derin holds "Advanced Level Capital Markets License" and "Corporate Governance Rating License" issued by the Association of Capital Markets Intermediary Institutions Association of Türkiye.
In recent years, Derin has been involved in most of the market-leading debt capital markets transactions and several prominent equity capital markets transactions.
Experience
Representation of Limak Yenilenebilir Enerji A.Ş. as Issuer on the offering of US$450,000,000 9.625% Senior Green Amortizing Notes due 2030, followed by a US$75,000,000 tap issuance to be consolidated into a single series. The Notes are classified as green bonds.
Representation of Gülermak Heavy Industries Construction & Contracting Co. Inc., a leading Turkish EPC contractor specializing in turnkey civil infrastructure and industrial construction projects, on the initial public offering and listing on the official list of Borsa Istanbul of the shares in Gülermak Heavy Industries Construction & Contracting Co. Inc.
Representation of Merrill Lynch (BofA Securities), acting as sole bookrunner, on the tap issuance of US$25,000,000 9.750% Senior Notes due 2029 by Limak Çimento Sanayi ve Ticaret A.Ş., Türkiye's largest cement producer by capacity.
Representation of the joint bookrunners J.P. Morgan, Citibank, HSBC and Emirates NBD on the debut Rule 144A/Reg S US$700 million guaranteed sustainable notes issuance by Rönesans Holding A.Ş., a Turkish conglomerate which primarily operates in the real estate and construction sectors.
Representation of Esas Holding A.Ş., a family-owned investment firm, on the placement of approximately 19.2 million ordinary shares in Pegasus Airlines to two international institutional investors and an international financial investor residing outside of Türkiye.
Representation of the joint bookrunners Citigroup Global Markets and Morgan Stanley on the Rule 144A/Reg S US$400 million debut Eurobond issuance by GDZ Elektrik Dağıtım A.Ş., Türkiye's fourth largest distribution network, and representation of Morgan Stanley on the US$119 million tap issuance which followed.
Representation of Zorlu Enerji Elektrik Üretim A.Ş., Türkiye's leading geothermal power generator, on the Rule 144A/Reg S US$1 billion debut sustainability-linked Eurobond issuance.
Representation of IFC in its subscription of Türkiye's first blue bond issuance by QNB Türkiye, alongside QNB Türkiye's green bond issuance.
Representation of the joint bookrunners Merrill Lynch (BofA Securities), Citigroup Global Capital Markets, BNP Paribas, BBVA., Emirates NBD and Société Générale as on the debut Rule 144A/Reg S US$750 million notes issuance by Ereğli Demir ve Çelik Fabrikaları T.A.Ş., the fourth largest steel producer in Europe and the largest integrated flat and long steel producer in Türkiye.
Representation of Ülker Bisküvi Sanayi A.Ş., Türkiye's largest public food manufacturing company, on the Rule 144A/Reg S US$550 million sustainability-linked Eurobond issuance.
Leading Individual
in Banking, Finance and Capital Markets
Legal 500, 2025
Band 1
in Capital Markets
Chambers & Partners, 2025
"Derin Altan has a very good understanding of the capital markets domain and all stakeholders involved, he is extremely competent and has a very pragmatic approach that helps client through complex transactions."
Legal 500, 2025
"Derin Altan has a wide-ranging practice which covers both debt and equity capital markets. Clients describe him as "detail-oriented, knowledgeable and very commercial" and laud his "ability to build bridges between parties."
Chambers & Partners, 2024
"Very smart and hard-working lawyer."
Chambers & Partners, 2021
