TSKB exports Eurobonds worth $350 million

As part of the $750 million Global Medium Term Notes Program, Industrial Development Bank of Turkey (TSKB) has exported $350 million in five-year, fixed-rated Eurobonds to international markets.

The Eurobond exports were coordinated by BNP Paribas, Citi, Commerzbank, ING, and Standard Chartered Bank and they received great interest at meetings with investors in Europe and the Gulf Region.

Speaking on the Eurobond export, TSKB CEO Özcan Türkakın claimed that demand from investors, which increased by over 250 percent, was an indicator of confidence in the strength of TSKB.

Türkakın continued, "We are pleased at the success of our second round of Eurobond exports, which takes place six months following our first, despite fluctuation in international financial markets. We will continue to secure financiers in addition to funds received from international organizations for investments supporting the sustainable development of the Turkish economy by diversifying our capital structure."