BankPozitif Announces the First Eurobond Issue under Newly Established MTN Programme
MTN Programme of BankPozitif is to be the first and the only programme established by a Turkish institution. Istanbul, 20 February 2008: Bankpozitif Kredi ve Kalkınma Bankası Anonim Şirketi ("BankPozitif" or the "Bank") has today successfully finalized the first Eurobond issue under its newly established US$1.0 Billion Loan Participation Notes Medium Term Note Programme (the "MTN Programme"). MTN Programme of BankPozitif is to be the first and the only programme established by a Turkish institution.
| The final terms of the loan participation notes are as follows: | |
|---|---|
| Issuer | Commerzbank International S.A. |
| Borrower | BankPozitif Kredi ve Kalkınma Bankası Anonim Şirketi |
| Issue Ratings | BB (Fitch) |
| Issue amount | US$150,000,000 |
| Issue type | Reg S , Loan Participation Notes |
| Maturity | 20 February 2013 (5 Years) |
| Yield and Coupon | 7.100% |
| Listing | Luxembourg Stock Exchange (CSSF) |
| Joint Bookrunners | Citi / Commerzbank |
This successful transaction follows global marketing efforts which culminated with a series of investor meetings in Tel-Aviv, London, Vienna, Geneva and Frankfurt in the past few weeks. Citi and Commerzbank acted as MTN Programme arrangers and joint bookrunners in the transaction.
The present transaction marks BankPozitif's second successful appearance in the international capital markets. On 19-June-2007, the Bank uted a debut US$150,000,000 5-Year Eurobond issue at a coupon of 7.815%.
