Ülker Bisküvi issued Eurobond amounting to USD 650 million

Attracting foreign investors to Turkey during the COVID-19 pandemic was a clear sign of a trust shown to Turkey and Ülker Bisküvi.

Turkey’s leading food manufacturing company Ülker Bisküvi issued Eurobond amounting to USD 650 million.

Attracting foreign investors to Turkey during the COVID-19 pandemic was a clear sign of a trust shown to Turkey and Ülker Bisküvi

Ülker Bisküvi will use the proceeds to repay certain existing hard currency syndicated loan facilities as well as the company’s investments. The transaction is expected to close on 30 October 2020 following the execution of the subscription agreement and the receipt of the approval for the tranche issuance certificate from the Capital Markets Board.

Speaking about the Eurobond issue Mete Buyurgan, the CEO of Ülker Bisküvi said: “The world and our country are going through a sensitive period due to the pandemic. Despite all this, we were the first food company in Turkey issuing Eurobond during the pandemic. Ülker Bisküvi’s Eurobond issue, which has received great interest, is a result of it’s successful strategies in providing international financing and its strong ties with investors.”

Mete Buyurgan: "We are relentlessly proceeding on our way. ”

Stating that they continue their investments relentlessly, Mete Buyurgan evaluated the current performance of Ülker Bisküvi as follows: “We announced our net sales revenue in the first half of 2020 as 4.5 billion TL. In this period, while maintaining our strong and leading position in the markets where we operate, with our solid balance sheet, we continue to produce, sell and distribute our products provide employment opportunity and export to more than 100 countries without slowing down. Despite the challenging macro-economic environment in the world, providing long-term financing to our company by international investors is an indication of the trust in both our country and our company.

Ülker Bisküvi CFO Cenker Uçan, regarding the Eurobond issuance, as Ülker, we successfully completed the first Eurobond issuance. We kicked-off the project with an targeted offering amount of 450 million USD. Having received an overflow of subscription of  1.8 billion USD demand and we concluded the the transaction with an amount  of 650 million USD. More than 130 international investors from 28 jurisdictions participated in our 5-year Eurobond transaction process. We thank you to our international investors who trust our company's solid financing structure.

    • Ülker buys Önem Gıda

      Ülker has bought Önem Gıda – one of their suppliers of semi-finished goods – from Yıldız Holding. By gathering all their chocolate and bakery products’ production processes within its corporate structure, Ülker has taken another major step in its sustainable growth strategy....

    • Two awards for Ülker…

      Ülker Bisküvi was the only Turkish company to rank first in two categories at the 2021 Turkey Bonds & Loans Awards – which recognize companies’ outstanding financial/banking achievements...

    • Ülker Sponsors National Football Teams

      Ülker supports various sports, namely soccer and basketball. It recently signed an agreement with the Turkish Football Federation. For five years, it will become the official sponsor of the Men’s National Football Team as well as the main sponsor of both the Women’s National Team and e-National Team. ...

    • Ülker's first quarter 2021 turnover was 2.7 billion TL

      Ülker Bisküvi increased its sales in the first quarter of 2021 by 13 percent compared to the same period of 2020, reaching 2.7 billion TL. Export and international operations grew by 19 percent....