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Turk Ekonomi Bankasi A.S. 9.375% 17-JAN-2034

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Overview
Analysis

TKBS5733247 analysis



Key facts


Issuer
Turk Ekonomi Bankasi AS
Issue date
Jan 17, 2024
Maturity date
Jan 17, 2034
Outstanding amount
‪400.00 M‬USD
Face value
1,000.00USD
Minimum denomination
200,000.00USD
Coupon
9.38% (Variable)
Yield to maturity
8.71%
Turk Ekonomi Bankasi AS engages in banking products and services. It operates through the following segments: Retail and Private, Corporate, Small-Medium Enterprise (SME) Banking, Treasury, and Asset Liability Management. The Retail and Private Banking segment provide consumer loans, personal financing, housing, workplace and vehicle loans for customer needs related to general consumption, purchase of durable goods, and real estate. The Corporate Banking segment provides financial solutions and banking services to large-scale local firms, holdings and their group companies, and multinational companies operating in Turkey. The SME Banking segment provides small and medium-sized enterprises with financial solutions and exclusive services for non-financial matters. The Treasury and Asset Liability Management segment manages the maturity mismatch, by adopting a principle foreseeing to work with a positive balance sheet margin. The company was founded in 1927 and is headquartered in Istanbul, Turkey.
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