In a remarkable display of corporate prowess, Şişecam has been recognized at the Global Banking & Markets: CEE, CIS & Türkiye Awards 2024, clinching three distinguished titles: “Bond Deal of the Year,” “Corporate Bond Deal of the Year,” and “Debt Deal of the Year – Türkiye.
” This recognition comes on the heels of Şişecam’s successful issuance of $1.5 billion in bonds aimed at international institutional investors through its UK subsidiary, Şişecam UK PLC.
The journey began in April when Şişecam issued global bonds totaling $500 million and $600 million, respectively, with terms of 5 years and 8 years. This strategic move was met with strong demand within institutional circles, prompting the company to increase its total offering to $1.5 billion by May. This initiative not only demonstrates Şişecam’s adeptness in financial strategy but also underscores its commitment to expanding its global footprint.
The bond issuance was authorized by renowned financial institutions including Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, and Bofa Securities. The overwhelming interest from investors around the world is a testament to the strength of Şişecam’s financial positioning. According to the data, 37% of the bonds were purchased by UK investors, 36% by US investors, and the remaining 27% divided among European, Asian, and Middle Eastern investors, showcasing a truly international interest.
Perhaps most impressive is the fact that Şişecam attracted nearly $5 billion in total demand, significantly surpassing expectations, despite offering yields lower than those of existing Eurobonds. This feat not only marks a new record for the largest corporate bond issuance in Turkish history but also reinforces the global confidence in Şişecam as a leading player in its industry.
As we look ahead, these accolades and the unprecedented bond issuance position Şişecam for continued growth and innovation. The company is not just setting standards within Turkey, but is also paving the way for international recognition in the competitive landscape of corporate finance. This achievement is a clear indication that Şişecam is poised to harness its strengths and address future challenges with confidence and resilience.
In conclusion, the recognition at the Global Banking & Markets Awards, coupled with the successful bond issuance, illustrates not only Şişecam’s strong market position but also its commitment to delivering value to its investors and stakeholders. This is just the beginning of an exciting chapter in Şişecam’s journey toward becoming a global leader in its sector.
Source:Şişecam with additional information added by GlassBalkan
