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Conyers advises Ziraat Bank on new financing of US$1.65 billion

Conyers Dill & Pearman provided BVI law advice to Ziraat Bank on a new financing of US$1.65 billion to fund the redemption by Cukurova Finance International Limited (“CFI”) of security granted in favour of Alfa Telecoms Turkey Limited (“Alfa”) following a judgment of the Privy Council and in accordance with a redemption procedure approved by the Privy Council.

Founded in 1863, Ziraat Bank is the second largest bank in Turkey and provides banking services such as payment systems, credit, checking and investments.

Robert Briant, Richard Evans and Patrick Ormond of Conyers’ BVI office advised on the matter, working alongside Milbank, Tweed, Hadley & McCloy LLP and ASC Law Office.


Robert J.D. Briant
Partner, Head of BVI Corporate

British Virgin Islands   +1 284 852 1100

Richard G. Evans

British Virgin Islands   +1 284 852 1115


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