Clifford Chance Advised Ford Otosan In Landmark Eurobond Offering, Raising $500 Million
Clifford Chance Advised Ford Otosan In Landmark Eurobond Offering, Raising $500 Million
Global Law Firm Clifford Chance has provided Legal Counsel to Ford Otosan on its successful 144A/RegS Eurobond offering, which raised up to USD 500 million. The debut Eurobond offering, set to mature in 2029, garnered Robust Market Interest, Marking a significant milestone for Ford Otosan and solidifying its position as a key player in the Turkish corporate landscape.
Ford Otosan, a leading vehicle manufacturer Jointly Owned by Ford Motor Corporation and the Turkish conglomerate Koç Holding, stands among the top three exporting companies in Turkey.
The issuance was managed by Bookrunners BNP Paribas, Citi, HSBC, and Societe Generale, reflecting the confidence of investors in Ford Otosan's financial standing and growth prospects.
Clifford Chance's cross-border team, based in London and Istanbul, was led by partners Matt Fairclough, Johannes Juette, and Sait Eryilmaz. The partners received valuable support from Senior Associates Jake DuCharme, Jeffery Hung, and Ali Can Altıparmak, along with Bilgesu Çakmak (Associate) and Trey Oxendine (Law Clerk).
