FAST, easy and fast money transfer, is free of charge at Vakıf Katılım.
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FAST, easy and fast money transfer, is free of charge at Vakıf Katılım.
Your expenditures are under your control with VKart Business!
Vakıf Katılım Issues $500 Million in Additional Tier-1 Sukuk
Vakıf Katılım issued $500 million in Additional Tier-1 (AT 1) sukuk, achieving the largest subordinated sukuk issuance to date among Türkiye’s participation banks.
The issuance attracted $1.8 billion in demand from more than 80 international investors, primarily from the Gulf region, the UK, and Continental Europe. HSBC, Emirates NBD, and Standard Chartered Bank served as global coordinators. The issuance was completed at the lowest cost ever for a subordinated sukuk offering.
$1.8 Billion in Demand for Sukuk Issuance
Vakıf Katılım CEO Mehmet Ali Akben commented on the issuance, saying: “Our products and services not only meet our customers’ needs but also strengthen trust in participation banking. The strong $1.8 billion demand for our recent $500 million AT1 sukuk clearly demonstrates international investors’ confidence in both our Bank and the Turkish economy. Drawing strength from our deep-rooted history, we will remain committed to growth and to actively contributing to the industry’s progress as well as our country’s economic and social development.”