Fibabanka, based in Türkiye, has successfully completed a USD 150 million issuance of Additional Tier 1 (AT1) capital, attracting strong interest from international investors. The bond issuance was managed by Citibank and Standard Chartered Bank as Joint Global Coordinators and Bookrunners, with Emirates NBD acting as Joint Bookrunner.
The bank confirmed that it had finalised a USD 150 million AT1 debt issuance, offering a yield of 10.25%. The Basel III-compliant PNC5.5 AT1 Fixed Rate Resettable Reg S Only Offering, led by Citi, Standard Chartered Bank, and Emirates NBD, was oversubscribed by three times.
Ömer Mert, General Manager and Board Member at Fibabanka, expressed his pride in the achievement, saying: “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 Outlook on Turkish Economy
He continued, noting that the issuance strengthens the bank’s capital structure and signals growing international confidence in 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,” Mert added.
This successful transaction highlights Fibabanka’s competitive position in global capital markets, while reinforcing the strength of Türkiye’s financial system. The robust demand from investors further illustrates the increasing importance of foreign capital in Türkiye’s economic growth.
