Turkey Industrial Development Bank (TSKB) has announced the issuance of new bonds worth $350 million.
# Investor Meetings Completed
In a statement made by TSKB to the Public Disclosure Platform (KAP), it was noted that the investor meetings, which began on October 9, 2024, were successfully concluded. Major banks such as Arab Banking Corporation, BNP PARIBAS, Citigroup, Commerzbank, Emirates NBD, ING Bank, Morgan Stanley, SMBC, and Standard Chartered acted as intermediaries during the issuance process.
# TSKB Secures $350 Million
The total nominal value of the issued bonds has been set at $350 million. The maturity date for the 5-year bonds is announced as October 17, 2029, with an annual fixed coupon rate of 7.125%.
TSKB’s $350 million bond issuance further demonstrates the bank’s strong position in international markets.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
