Fibabanka has successfully raised USD 150 million through an Additional Tier 1 (AT1) capital issuance, receiving strong demand from international investors. The issuance was led by Citibank and Standard Chartered Bank as Joint Global Coordinators and Bookrunners, with Emirates NBD as Joint Bookrunner.
The bank confirmed that it had completed its USD 150 million AT1 bond issuance, with a yield of 10.25%. The Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering, managed by Citi, Standard Chartered, and Emirates NBD, was three times oversubscribed.
Ömer Mert, General Manager and Member of the Board of Directors at Fibabanka, expressed his pride in leading the successful 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.”
Supporting Türkiye’s Economic Growth
Mert further highlighted that the issuance strengthens the bank’s capital base and reflects positive sentiment towards Türkiye’s economic outlook on the global stage. “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 strong interest in Fibabanka’s bond demonstrates the resilience of Türkiye’s financial sector and the growing importance of foreign capital in the country’s economic development.
