Türkiye’s Fibabanka has completed a USD 150 million AT1 capital issuance, which garnered substantial demand from international investors. Citibank and Standard Chartered Bank acted as Joint Global Coordinators and Bookrunners, alongside Emirates NBD as Joint Bookrunner.
The bank has confirmed the successful completion of the USD 150 million AT1 bond sale, with a yield of 10.25%. The Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering, led by Citi, Standard Chartered, and Emirates NBD, was oversubscribed threefold.
Ömer Mert, General Manager and Board Member at Fibabanka, expressed his pride: “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.”
Strengthening Capital and Economy
Mert highlighted that the success of this issuance enhances both the bank’s capital structure and international 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.
This successful issuance demonstrates Fibabanka’s strong positioning in global capital markets and reinforces the strength of Türkiye’s financial system. The demand from international investors further underscores the role of foreign capital in supporting Türkiye’s economic development.
