Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

7.8 C
Cheshire
Thursday, May 1, 2025

Fibabanka Completes USD 150 Million AT1 Issuance in Global Markets

Türkiye’s Fibabanka has successfully raised USD 150 million through an Additional Tier 1 (AT1) issuance, which garnered significant interest from international investors. The issuance was managed by Citibank and Standard Chartered Bank as Joint Global Coordinators and Bookrunners, with Emirates NBD serving as Joint Bookrunner.

Fibabanka has announced the conclusion of a USD 150 million AT1 capital raise, with a 10.25% yield. The Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering, led by Citi, Standard Chartered, and Emirates NBD, was three times oversubscribed.

Discussing the accomplishment, Ömer Mert, General Manager and Member of the Board of Directors at Fibabanka, commented: “We are very proud to have led the first-ever public sub-benchmark AT1 offering out of Türkiye. The high level of interest from international investors, driven by our strong financial performance and strategic vision, clearly reflects the confidence investors have in both Fibabanka and the wider Turkish banking sector.”

Positive Sentiment Towards Turkish Economy

Mert further explained that the issuance not only bolsters the bank’s capital structure but also reflects global confidence in the Turkish economy. “This issuance not only strengthens our bank’s capital structure but also underscores the positive sentiment towards the Turkish economy on the global stage. We intend to continue to grow in both domestic and international markets, supported by our innovative product offerings and strong digital infrastructure,” he said.

The success of this issuance reinforces Fibabanka’s standing in international capital markets and highlights the strength of Türkiye’s financial sector. The strong investor demand underscores the pivotal role of foreign capital in driving Türkiye’s economic development.

spot_imgspot_img

Latest

PPE Specialists J&K Ross Appoint Key Account Manager

Warrington’s PPE and workwear specialists, J&K Ross has welcomed Jill Ratcliffe...

Survey: One in Two Over-50s Faced Heating Affordability Issues During the UK Winter

A recent YouGov survey, commissioned by Age Care Bathrooms,...

Cheshire College launches preparation podcast for new students

Cheshire College has announced the launch of its exclusive...
spot_imgspot_img

Newsletter

Don't miss

£4 million funding will ‘help keep Cheshire communities’ safer

Cheshire Constabulary will receive £4 million to help tackle...

Tim Parry Jonathan Ball Foundation set to become grant making organisation

A Foundation set up in memory of two boys killed in...

Warrington mat manufacturer eyes rapid UK retail expansion

A leading Warrington based mat manufacturer has its sights...

438 Marketing celebrates 20th year with revenue jump and client wins

Independent brand communications agency 438 Marketing is celebrating 20 years of...

More News

PPE Specialists J&K Ross Appoint Key Account Manager

Warrington’s PPE and workwear specialists, J&K Ross has welcomed Jill Ratcliffe as Key Account Manager. With over three decades of experience in health and safety, Jill...

438 Marketing celebrates 20th year with revenue jump and client wins

Independent brand communications agency 438 Marketing is celebrating 20 years of creativity, growth and brilliant relationships. As the agency enters its third decade, it has reported a...

Craner & Kirkman Moves to Larger HQ as Founder Tom Singleton Drives Half-Million Growth Milestone

Craner & Kirkman, a standout name in UK e-commerce prep and logistics, has moved into a larger headquarters in Ilkeston’s Soloman Park. The move...