August 22. 2023

Mayer Brown advises on ground-breaking Tier-2 gender bonds

Related People:
  • Caroline Davies

London — Mayer Brown advised the Asian Infrastructure Investment Bank (AIIB) and the International Finance Corporation (IFC) on two sustainable Tier-2 subordinated bonds aggregating US$150 million issued by Akbank T.A.Ş. Mayer Brown also advised the United States International Development Finance Corporation (DFC) on a separate series of Gender Tier-2 subordinated bonds aggregating US$150 million issued by Akbank T.A.Ş.

The AIIB and IFC series supported sustainability lending and the DFC funding specifically supported extending consumer finance loans to women and women-owned small businesses in underdeveloped cities in Turkey – reportedly the world’s first gender Tier-2 capital issuance.

The Mayer Brown team was led by Banking & Finance partners Jim Patti (Chicago) and Peter Pears (London) and included partner James Taylor and senior associate Whitney Joseph (both London).


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