Turkish bank, Odeabank, lists $300m notes on MSM

Odeabank has listed for the first time on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE) with issuance of US$300m notes with a maturity date of August 2027.

About Odeabank

Odeabank, based in Istanbul, provides a full range of banking services, including corporate and commercial banking, SME banking and retail banking as well as services relating financial institutions and funding, treasury and capital markets.

odeabank logo from www.ise.ie bond listing

The bank had total assets of TL 39.5 billion (US$10.9 billion) on 31 December 2016.

As of 31 March 2017, Odeabank had 51 branches in 17 provinces across Turkey. It utilises its branch network and a range of alternative distributions channels to make its products and services available to customers.

ISE is European listing venue of choice for other Turkish banks

This listing follows other high profile Turkish listings on the ISE including Turkiye Garanti Bankasi, Akbank, Türkiye İş Bankası, Yapi ve Kredi Bankasi and Türkiye Halk Bankası.

List debt on the ISE

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CONTACT US

Ailish Byrne, Head of Public Affairs and Communications at the Irish Stock Exchange, Dublin

Ailish Byrne

+353 1 6174266

ailish.byrne@ise.ie