Türkiye’s Fibabanka has successfully raised USD 150 million in Additional Tier 1 (AT1) capital after a bond issuance that attracted significant international interest. Citibank and Standard Chartered Bank acted as Joint Global Coordinators and Bookrunners, with Emirates NBD participating as Joint Bookrunner.
The bank has announced that the USD 150 million AT1 bond offering, with a yield set at 10.25%, was oversubscribed by three times. The transaction, structured as a Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering, was led by Citi, Standard Chartered, and Emirates NBD.
Ömer Mert, General Manager and Member of Fibabanka’s Board of Directors, expressed his pride in the accomplishment, stating: “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.”
Global Confidence in Türkiye’s Financial Sector
Mert highlighted that this issuance demonstrates the strength of both Fibabanka’s capital structure and Türkiye’s 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 added.
This successful transaction underlines Fibabanka’s competitive position in international financial markets and the role of foreign capital in supporting Türkiye’s continued economic development.
