Fibabanka has announced the successful completion of a USD 150 million Additional Tier 1 (AT1) capital issuance, attracting substantial demand from global investors. The deal was led by Citibank and Standard Chartered Bank as Joint Global Coordinators and Bookrunners, with Emirates NBD acting as a Joint Bookrunner.
The bank confirmed it raised USD 150 million via an AT1 bond offering, with a yield of 10.25%. The Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering, coordinated by Citi, Standard Chartered, and Emirates NBD, was oversubscribed three times.
Ömer Mert, General Manager and Member of Fibabanka’s Board of Directors, expressed his pride in the achievement: “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 on Turkish Economy
Mert added that this issuance strengthens the bank’s capital structure and demonstrates international optimism about Türkiye’s economic outlook. “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 stated.
Fibabanka’s successful bond issuance highlights its competitive position in the international financial markets and affirms the resilience of Türkiye’s financial system. The strong demand from investors is a testament to the growing role of foreign capital in Türkiye’s economic growth.
