ICBC Turkey Securities and ICBC Standard Bank cooperated as Joint Bookrunner in the US$ 500 million Eurobond issuance of Yapı Kredi in September 2023.

ICBC Turkey Securities and ICBC Standard Bank cooperated as Joint Bookrunner in the US$ 500 million Eurobond issuance of Yapı Kredi in September 2023. Yapı Kredi successfully issued a 5 year 1 month US$ 500 million senior unsecured sustainable bond in the international debt capital markets, marking a significant achievement in the challenging market conditions. The issue was a well received return of Yapı Kredi to the international debt capital markets with an inaugural benchmark 144 A, Reg S offering.

Despite near record levels of issuance activity across both US and European markets at the time, this strategic transaction garnered significant interest from institutional investors. The transaction was led by 6 esteemed international bookrunners. Alongside ICBC, the bookrunners included BofA Securities, Citi (B&D), Emirates NBD Capital,  ING and Standard Chartered Bank. ICBC Turkey Securities and ICBC Standard Bank, representing the ICBC Group, have cooperated in this transaction.The Eurobond was priced from a re-offer yield of 9.375% with a semi-annual coupon price of 9.250%. The maturity date for the transaction is October 16, 2028. Furthermore, this transaction has performed well in the secondary market since launch, underscoring the continued interest of investors in this transaction.