Şekerbank renewed its subordinated Tier 2 bond of USD 85 million.

Şekerbank has renewed its subordinated Tier 2 bond of USD 85 million, which was initially issued in 2017 in the international market with a final maturity date of 12 June 2027. As a result of the successful consent solicitation process conducted internationally, the conditions of the abovementioned debt instrument have been amended as an initial maturity/call option date of 14 June 2027 and the final maturity of 12 June 2032, as of 4 May 2022.

Regarding the renewal of the bank's subordinated bond, Şekerbank Executive Vice President Aybala Şimsek stated; “Despite the current fluctuations in the international market, this successful closing has truly served as an indicator of investors' trust in Şekerbank's advancing performance, which we are extremely grateful for.”