Eximbank authorized a 3-year dollar-denominated eurobond

Export Credit Bank of Turkey (Turk Eximbank) has authorized 8 banks for issuing dollar-denominated bonds abroad.

In the statement of Turk Eximbank on the Public Disclosure Platform (KAP), in the statement of the bank dated December 9, 2022, the Capital Markets Council for the issuance of bonds in a maximum amount of 1 billion dollars or the equivalent in any foreign currency, in one or more than one time. It was reminded that it was announced that approval was received from the CMB.

In this context, Citigroup Global Markets Limited, BBVA Securities Inc., Emirates NBD Capital Limited, ING Bank NV, Intesa Sanpaolo SpA, MUFG Securities EMEA Plc. SMBC Nikko, Societe Generale and Standard Chartered Bank have been authorized and the issuance is planned to be done in RegS/144A structure and in US dollars.” it was said.