Fibabanka has raised USD 150 million in Additional Tier 1 (AT1) capital after completing a highly successful bond issuance that attracted significant international investor demand. Citibank and Standard Chartered Bank acted as Joint Global Coordinators and Bookrunners, with Emirates NBD as Joint Bookrunner.
The bank confirmed it had completed its USD 150 million AT1 issuance, which carries a yield of 10.25%. This 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 Fibabanka’s Board of Directors, commented on the success: “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.”
Reflecting Türkiye’s Economic Resilience
Mert went on to emphasise how the bond issuance strengthens both the bank’s capital structure and international confidence in 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.
The strong demand for Fibabanka’s bond further reinforces the strength of Türkiye’s financial sector and highlights the role foreign capital plays in the country’s economic development.
