DOHA: Alternatifbank, the Commercial Bank’s subsidiary in Turkey, has successfully completed its first Basel III compliant Tier 2 Eurobond issuance amounting to $300m for 10 years maturity non-callable for fiveyears. The issuance was oversubscribed 4.2 times, according to a regulatory filing on Qatar Exchange (QE). In the filing, the Commercial Bank confirmed that Alternatifbank accepted the resignation of CEO Meriç Ulusahin and the appointment of ABank CFO and Deputy CEO Müge Oner as Acting CEO.
The Peninsula
DOHA: Alternatifbank, the Commercial Bank’s subsidiary in Turkey, has successfully completed its first Basel III compliant Tier 2 Eurobond issuance amounting to $300m for 10 years maturity non-callable for fiveyears. The issuance was oversubscribed 4.2 times, according to a regulatory filing on Qatar Exchange (QE). In the filing, the Commercial Bank confirmed that Alternatifbank accepted the resignation of CEO Meriç Ulusahin and the appointment of ABank CFO and Deputy CEO Müge Oner as Acting CEO.
The Peninsula
