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Prospect News home > News index > List of issuers O > Headlines for Odeabank AS > News item
Published on 7/20/2017 in the Prospect News Emerging Markets Daily.

Turkey’s Odea Bank plans dollar-denominated tier 2 capital notes

By Rebecca Melvin

New York, July 20 – Odea Bank AS is planning an offering of Basel III-compliant tier 2 capital notes (expected ratings: B2 (hyb)/B+/) that is likely to price during the July 24 week, a market source said on Thursday.

The 10-year subordinated notes will have five years of call protection. The size of the offering has not yet been determined.

Odea Bank is a lender based in Istanbul.


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