10/4/2024
Credits Secured by Banks in Türkiye From Abroad
Vakıfbank has realized a new USD 500 million sustainable Eurobond export of 5,25 year term. Outcome of the process has been 6,95, coupon ratio 6,875%...
Vakıfbank has announced a new sustainable Eurobond export has been made. In the announcement, Bank has noted that in USD 500 million bond export of 5,25 year term, close to triple folds demand received. Outcome of the process is noted to be 6,95 %, coupon ratio 6,875, process has been realized with 30 base point improvement vis-à-vis first transaction expectation. Bank had authorized an international banks consortium composed of Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited, HSBC Bank plc, J.P. Morgan Securities plc, MUFG Securities EMEA plc for USD denominated “sustainable bond” export. Subject transaction is reported to be the fourth Eurobond transaction carried out by bank in recent one year period. As is known, Bank had completed USD 700 million Basel III compatible bond export of similar to capital. Having completed first additional main capital bond export of USD 550 million in international markets in April in the history of bank TEBA:April 18, 2024 Bank had realized a Eurobond export having total USD 1 billion 250 million capital capacity with the subject two transactions TEBA:June 27, 2024
Annual Report
