Investor Relations / Debt / Capital Instruments

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    Issue of US$300,000,000 Additional Tier 1 (AT1) Perpetual Notes

    On September 11, 2024, TEB issued US$300 million Additional Tier 1 (AT1) Perpetual Notes in the international capital markets. The yield rate of the perpetual bond with early redemption feature in 5.5 years was realized at 9.375 percent. The bond issue, which received a demand of 1.1 billion dollars, more than 3 times the issue amount, marks TEB’s third issuance in the international capital markets in 2024 and the first AT1 issuance ever.

    Issue of €100,000,000 Tier 2 Notes due 2034

    On May 8, 2024, TEB issued €100 million Basel-III Compliant Tier-2 bond subscribed to International Finance Corporation (IFC) with 10-year maturity, callable at the 5th year. With this transaction, TEB completed its second T2 bond issuance, following the first issuance of US$400 million in January.

    Issue of US$400,000,000 Fixed Rate Resettable Tier 2 Notes due 2034

    On January 17, 2024, TEB issued inaugural US$400,000,000 Fixed Rate Resettable Tier 2 Notes due 2034 in the international capital markets. The yield rate for the issuance, featuring a ten-year maturity and a call option exercisable in the fifth year, was realized at 9.375 percent. The issuance garnered significant attention from over 150 global investors, setting a new record with demand exceeding USD 2.9 billion, surpassing the issue amount by more than 7 times. This transaction marks TEB’s first issuance in the international capital markets.

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