Additional Tier 550 Capital Bond Issuance of XNUMX Million Dollars from Vakıfbank

Stating that they have maintained their leading position in this field by bringing a total of 2,5 billion dollars of fresh resources to Turkey from international markets since the beginning of the year, with the additional capital issuance they have successfully completed, VakıfBank General Manager Abdi Serdar Üstünsalih said, “The transaction in question is the first addition in international markets in VakıfBank's history. It has the feature of being a capital bond issue. I would also like to underline that this is the first additional core capital bond issuance carried out as a market transaction among public banks in Turkey. The intense investor demand for the transaction from different parts of the world, including the United Kingdom, Continental Europe, the Middle East, Asia and America, is quite satisfactory. Thanks to strong demand that reached 3 times the transaction size, the return on the transaction was realized at .37,5, an improvement of 125 basis points from the initial price expectation. "This situation is a clear indication of the trust international investors have in Turkey and especially in VakıfBank," he said.

“100 BASIS POINTS POSITIVE CONTRIBUTION TO OUR CAPITAL RATIOS”

Evaluating the impact of the successfully completed transaction on the capital ratios, Üstünsalih said, “We expect the additional capital bond issuance of 550 million dollars in question to provide a positive contribution of 100 basis points to both our capital and total capital ratios, in addition to being a fresh foreign resource. In this sense, with our strengthened capital ratios, we aim to continue our efficiency-oriented strategies in every field as Turkey's 2nd largest bank. "In the coming period, we will continue to follow the international capital markets closely and sign new funding transactions under different structures." said.