Fibabanka, based in Türkiye, has successfully completed a USD 150 million Additional Tier 1 (AT1) capital issuance, drawing significant interest from global investors. Citibank and Standard Chartered Bank acted as Joint Global Coordinators and Bookrunners, with Emirates NBD also participating as a Joint Bookrunner.

The bank reported that it had concluded a 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, led by Citi, Standard Chartered, and Emirates NBD, was oversubscribed by three times.

Speaking on the achievement, Ömer Mert, General Manager and Member of the Board of Directors at Fibabanka, said: “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.”

Boost to Turkish Economy

Mert also emphasised that this issuance reinforces both the bank’s capital structure and the broader 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,” he added.

Fibabanka’s successful transaction further cements its competitive position in international financial markets, highlighting the growing importance of foreign investment in Türkiye’s economic growth. The oversubscription of the bond indicates robust demand and confidence in the country’s financial sector.