Aktif Bank, the largest privately-owned investment bank in Turkey, sold the entire capital market instrument, it has issued in TRY, to an international institution through TRS, breaking "new" ground again in Turkish capital markets.
The entire of the issue, performed on allocated basis, was purchased by one of the biggest international financial institutions of the world. In consequence of this transaction concluded on July 16, 2018, a fund of 50 million USD with a rate of USD LIBOR + 2.50% with a maturity of 4 years was received.
Stating that they were highly pleased with achievement of the issue intended for international investors, Serdar Sumer, CEO of Aktif Bank, said: "With this transaction, we have performed our first product issue in TRY intended for international investors. Thanks to this issue that is innovative in many aspects, we have provided a long-term and cost-effective international fund to the bank."