Ülker Bisküvi Announces $550 Million Eurobond Issuance
Turkey's leading food company, Ülker Bisküvi, has succesfully issued a 7-year eurobond with a nominal value of $550 million
Ülker Bisküvi*, Turkey's leading food company, has issued $550 million worth of 7-year eurobond abroad. The issuance, which has a maturity of seven years, was managed by J.P. Morgan Securities plc, Merrill Lynch International, Emirates NBD Bank PJSC, HSBC Bank plc, and Rabo Securities . This eurobond issuance garnered significant interest from more than 100 international investors across 20 various countries. Ülker Bisküvi intends to utilize the funds raised to refinance its existing eurobond debt.
Mete Buyurgan: “We have successfully completed our inaugural sustainability-linked eurobond issuance.”
Commenting on the eurobond issuance, Ülker Bisküvi CEO Mete Buyurgan said, “We are delighted to announce the successful completion of Ülker Bisküvi's and Turkey's first sustainability-linked eurobond issuance of 2024. We remain committed to adding value to our customers, consumers, stakeholders, and our country .Our eurobond issuance, which received strond demand, is a result of our successfully executed financial strategy and strong ties with investors. We extend our gratitude to the international investors who trust in our country and the strong financial structure of our company.,” he said.
Expressing that they continue their investments without slowing down, Mete Buyurgan evaluated Ülker Bisküvi's current performance as follows: “Under the umbrella of pladis, our goal is to make Ülker even stronger in production and exports. We are steadily advancing in gaining strength in global competition, maintaining and enhancing our position and leadership in the markets we operate in. We continue our sustainability efforts with our zero-waste company culture. We use innovation not only to expand our product range but also in many areas from digitization to product supply and strengthening our distribution network. With our production power, we will continue to deliver strong performance in the remaining months of 2024, contributing to our country, the economy, our employees, consumers, and all our stakeholders’’
The eurobond transaction is expected to be concluded on 8 July 2024, following the signing of the final related agreements and the approval of the issuance document application made to the Capital Markets Board.
*A subsidiary of pladis Foods Limited
-
Ülker Enters the Nut and Fruit Bar Market with “Ülker Go Ahead”
Turkey’s leading food brand, Ülker, has introduced five new products under the “Ülker GO Ahead” brand, aligning with the growing “Holistic Wellness” trend. Ülker CEO Mete Buyurgan stated, “With our nut and fruit bars, developed in line with changing consumer behaviors and offering a delicious experience, we aim to become the strongest brand in this category.”...
CLICK FOR MORE -
Ideas Compete for Ülker Caramio at bizz@kampüs
Applications for the "bizz@kampüs" competition, where young talents develop marketing-focused strategies for a different Ülker brand each year, will be open from January 13 to February 14. Undergraduate juniors, seniors, and graduate students will compete for Ülker Caramio this year. The top three teams will share a total prize of 240,000 TL and gain the opportunity for long-term internships....
CLICK FOR MORE -
Ülker Rises to World First Place for the Second Time
Turkey's leading food company, Ülker, has once again claimed the top spot in its category in the environmental, social, and governance (ESG) performance assessment conducted by the London Stock Exchange Group (LSEG), an international financial analysis and reporting organization. ...
CLICK FOR MORE -
.jpg)
Ülker Announces Its Nine-Month Financial Results
Turkiye’s leading food company Ülker has closed the nine-month period of 2024 with a turnover of 58 billion TL. The company continues to grow through its operations in Turkiye as well as exports and international markets....
CLICK FOR MORE