King & Spalding Advises Turkey’s Bank Asya on US$250 Million Certificates Issuance

DUBAI, UNITED ARAB EMIRATES–(Marketwired / – April 3, 2013) – King & Spalding advised Asya Katilim Bankasi A.Ş. (Bank Asya), the largest Turkish participation bank, on the issuance of US$250 million resettable subordinated tier 2 certificates in a landmark Shari’ah-compliant capital markets transaction. The certificates, listed on the Irish Stock Exchange and due in 2023, are the first subordinated tier 2 Shari’ah-compliant certificates to be issued from Europe, Turkey and…