ICBC Turkey Securities and ICBC Standard Bank cooperated as Joint Bookrunner for the US$ 500 million Eurobond offering of TWF in February 2024.
ICBC Turkey Securities and ICBC Standard Bank cooperated as Joint Bookrunner for the US$ 500 millon Eurobond offering of TWF in February 2024. The issuance garnered phenomenal investor participation immediately after opening. With record-breaking demand, the Eurobond was priced at 8.375%. Furthermore, despite a $500 million offering, the orderbook exceeded $7 billion, resulting in oversubscription rate of over 14 times, the highest ever recorded in Türkiye. Moreover, this issuance achieved an unprecedented demand volume in Türkiye over the past decade, excluding Treasury transactions. Redefining the boundaries of the market, the transaction also serves as a symbol of the confidence of international markets in the Turkish economy and economic policies. Alongside ICBC, BBVA, J.P. Morgan, Standard Chartered, BofA Securities, Emirates NBD Capital, ING, QNB Capital, and Societe Generale acted as joint bookrunners in the 5-year USD-denominated Eurobond issuance.