Türkiye’s Fibabanka has successfully raised USD 150 million in Additional Tier 1 (AT1) capital through a well-received bond issuance, attracting significant international investor interest. Citibank and Standard Chartered Bank served as Joint Global Coordinators and Bookrunners, with Emirates NBD as Joint Bookrunner.
The bank announced it has finalised its USD 150 million AT1 capital issuance, with a yield of 10.25%. The Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering was led by Citi, Standard Chartered, and Emirates NBD, and was three times oversubscribed.
Ömer Mert, General Manager and Member of the Board of Directors at Fibabanka, expressed pride in the issuance: “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 Toward Türkiye’s Economy
Mert also remarked that the issuance strengthens the bank’s capital base and 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.
Fibabanka’s successful transaction underscores its strong position in international financial markets and demonstrates the increasing confidence of foreign investors in Türkiye’s economic growth.