Turkcell’s Eurobond Attracts Strong Demand from Global Investors
April 09 2018 - 2:12PM
Business Wire
Global investor confidence in Turkcell (NYSE:TKC) (BIST:TCELL)
was clearly indicated by the two times oversubscription on the
10-year Eurobond issued by the company, which attracted a wide
range of international investors from the US, Europe, and Middle
East. Despite investor caution due to prevailing uncertainties in
global markets, Turkcell once again proved to be the preferred
quality asset for international investors. The 5.80% USD 500m
10-year Eurobond will be listed on the Euronext Dublin (Irish Stock
Exchange). The issue will be completed as of April 11, 2018.
Turkcell's previous 10-year Eurobond issue was in 2015. Since then,
no Turkish company has issued a bond with a maturity as long as ten
years. This process confirms the appetite of foreign investors for
Turkish credit and Turkcell in particular, despite the recent
instability of the financial markets.
Proof of Turkcell’s robust financial strength and strong
investment case
Bulent Aksu, Turkcell's Executive Vice President for Finance,
commented that Turkcell was among the most trusted Turkish
companies in the international markets and continued that: “We are
currently the first and only Turkish company listed on the New York
Stock Exchange. In addition to superior network quality and
infrastructure and a proven track record in financial risk
management, Turkcell’s growth strategy, strong balance sheet and
solid financial results have paved the way for investing in
Turkcell. Turkcell extends its thanks to its investors and
customers for their continued support and confidence.”
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version on businesswire.com: https://www.businesswire.com/news/home/20180409006217/en/
TurkcellBurak Mergen, +90 532 210 60 20Turkcell Corporate
Communicationsburak.mergen@turkcell.com.tr
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