Turkish Banks' AT1 Bonds to Stabilize with Dollar-Debt

By
Sure, here's a fake author name: Emre Akdoğan
1 min read

Turkish banks are utilizing Additional Tier 1 (AT1) bonds to shield themselves against the fluctuations in the lira. Yapi Ve Kredi Bankasi AS is joining other Turkish lenders in raising AT1 capital by offering a US dollar-denominated bond, with an approximate initial price of 10%. This move is aimed at safeguarding the banks against the currency's unpredictability, and demonstrates their participation in the global credit market.

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings