Anadolubank completes coupon payment on foreign bond

Anadolubank has completed the third coupon payment for its foreign-issued bond. The bank paid $6,843,750 to bondholders for the bond with ISIN code XS2993969596.

The $150 million nominal value bond was issued in Ireland and is scheduled to mature on February 26, 2035. Coupon payments are made every six months, with the next scheduled date being February 26, 2027.

Regarding credit ratings, Fitch Ratings has assigned Anadolubank a long-term national rating of A-(tur), which is considered investment grade. However, the expected credit rating for the contingent convertible bond is CCC+, which is not classified as investment grade.