Şişecam’s Record-Breaking Bond Issues Receives 3 Awards from Global Banking & Markets

Şişecam successfully issued $1.5 billion in bonds to international institutional investors through its UK subsidiary, Şişecam UK PLC. This outstanding achievement earned the company the prestigious titles of "Bond Deal of the Year," "Corporate Bond Deal of the Year," and "Debt Deal of the Year - Türkiye" at the Global Banking & Markets: CEE, CIS & Türkiye Awards 2024.

In April, Şişecam issued $500 million and $600 million in global bonds (Eurobonds) with 5-year and 8-year terms, targeting institutional investors worldwide. Due to strong demand, the total issuance was increased to $1.5 billion in May.

The issues authorized by Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, and Bofa Securities attracted strong interest from investors worldwide. Of the total issuance, 37% were purchased by investors in the UK, 36% in the US, 15% in Europe, and 12% in Asia and the Middle East, including Hong Kong. 

Considering market conditions as of the transaction date, Şişecam attracted nearly $5 billion in total demand, despite offering yields lower than those of existing Eurobonds in the market, setting a record for the largest corporate bond issuance in Turkish history. This achievement highlights the global confidence in Şişecam.