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3.5BN EXCESS USD 10NC5 FIG CCC+ FOR GARANTI BBVA - TIER 2

Post Date: 23 February 2024
#Deal
#BondMarket
#FIG
#SSA
#SSA-N/A
#A
#BBB-
#A-1
#OECD
#Turkey
#USD
#Hybrid/Subordinated

BBVA’s Turkish unit has successfully issued a $500 million 10-year bond, with a coupon rate of 8.375 percent. The 10-year Tier 2 subordinated debt has a call option on the fifth year.

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