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
Some of the transactions he worked and is currently working on can be summarized as follows:
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. 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.
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 Pegasus Airlines, Türkiye's leading low-cost airline, on the Rule 144A/Reg S US$500 million 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 Banco Bilbao Vizcaya Argentaria, BNP Paribas, BofA Securities, Citigroup Global Markets, Emirates NBD Capital Limited and Société Générale on the debut Rule 144A/Reg S US$750 million notes issuance and US$200 million tap issuance by Ereğli Demir ve Çelik Fabrikaları T.A.Ş., the leader of the Turkish steel sector and industry.
Representation of the joint bookrunners BofA Securities, Morgan Stanley, and ING Bank on the debut Rule 144A/Reg S US$575 million notes issuance by Limak Çimento Sanayi ve Ticaret A.Ş., Türkiye's leading cement manufacturer.
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.
Representation of Vestel Elektronik Sanayi ve Ticaret A.Ş., a Turkish manufacturer of white goods and electronics, on the Rule 144A/Reg S debut issuance of US$450 million 9.750% notes due 2029.
Leading Individual: Banking, Finance & Capital Markets
The Legal 500, Türkiye 2023
Band 1: Capital Markets
Chambers and Partners, Türkiye 2023
Highly Regarded: Capital Markets
IFLR1000, Türkiye 2023
