Fibabanka, one of Türkiye’s prominent banks, has successfully raised USD 150 million through an Additional Tier 1 (AT1) bond issuance, which attracted significant interest from global investors. Citibank and Standard Chartered Bank led the issuance as Joint Global Coordinators and Bookrunners, with Emirates NBD serving as Joint Bookrunner.
The bank announced the successful completion of the USD 150 million AT1 bond issuance, with a yield of 10.25%. This 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.
Ömer Mert, General Manager and Board Member of 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.”
Reflecting Global Confidence in Türkiye’s Economy
Mert emphasised that the issuance reinforces both Fibabanka’s capital structure and the positive sentiment surrounding Türkiye’s economic prospects. “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 added.
This successful bond issuance underscores Fibabanka’s competitive position in international financial markets, and highlights the importance of foreign capital in Türkiye’s ongoing economic development.
