Key Developments: Alternatifbank AS (ALNTF.IS)

ALNTF.IS on Istanbul Stock Exchange

1.98TRY
28 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Alternatifbank AS's ABank announces issuance of $250 million notes
Thursday, 24 Jul 2014 04:58am EDT 

Alternatifbank AS:Says a subsidiary, Alternatifbank A.S. ( ABank), has concluded the pricing and closing of its inaugural $250 million five-year senior unsecured RegS Note issue guaranteed by Commercial Bank.The issue was arranged and offered through a syndicate of joint lead managers comprising BofA Merrill Lynch and Commerzbank.The Notes were issued at a spread of 143 basis points over mid-swaps and will carry a coupon of 3.125 pct per annum.The notes are listed on the Irish Stock Exchange and are rated A by Fitch.  Full Article

Fitch Ratings affirms Alternatifbank AS's credit ratings
Thursday, 10 Jul 2014 02:36am EDT 

Alternatifbank AS:Says Fitch Ratings has affirmed its long term foreign currency IDR as BBB, with an outlook of stable; upgraded its short term foreign currency IDR from F3 to F2; affirmed its long term local currency IDR as BBB+, with an outlook of stable, and affirmed its short term local currency IDR as F2.Says the financial capacity note has been downgraded from bb to b+.  Full Article

Alternatifbank AS to receive syndicated credit
Thursday, 12 Jun 2014 06:46am EDT 

Alternatifbank AS:Secures syndicated loan of 114 million Euros and $189.5 million provided by 21 local and international banks.Credit has an interest of Libor +0.65 pct (Euribor +0.65 pct), and a total cost of Libor +1.35 pct (Euribor +1.35 pct).  Full Article

Alternatifbank AS says no FY 2013 dividend
Monday, 24 Mar 2014 11:42am EDT 

Alternatifbank AS:Announces that it shall not distribute any dividends for the fiscal year 2013.  Full Article

Alternatifbank AS announces share capital increase through rights issue
Monday, 2 Dec 2013 11:21am EST 

Alternatifbank AS:Says that it will raise its capital to 620,000,000 Turkish liras from 420,000,000 Turkish liras through rights issue.  Full Article

Alternatifbank AS Acquires Alternatif Finansal Kiralama AS
Friday, 8 Nov 2013 08:44am EST 

Alternatifbank AS, majority-owned subsidiary of Commercial Bank of Qatar QSC, announced that it has acquired the entire share capital, or 28.463 million shares, of Alternatif Finansal Kiralama AS, an Istanbul-based provider of financial leasing services, from Anadolu Endustri Holding AS (95.82%) and other shareholders (4.18%). Terms were not disclosed but, according to sources close to the situation, the deal was valued at an estimated TRY 128.9 million (USD 67.23 million).  Full Article

Commercial Bank of Qatar QSC Acquires Additional 3.40% Stake in Alternatifbank SA
Tuesday, 1 Oct 2013 08:00pm EDT 

Commercial Bank of Qatar QSC announceD that it has acquired an additional 3.40% shareholding from the public tender offer to take its majority share in Alternatifbank AS to 74.24%. Anadolu Endustri Holding A.S. holds a shareholding of 25.00% and 0.76% remains in the public domain.  Full Article

Commercial Bank Of Qatar QSC Completes Majority Stake Acquisition In Alternatifbank AS In Turkey
Thursday, 18 Jul 2013 07:16am EDT 

Commercial Bank Of Qatar QSC announced the completion of its acquisition of a 70.84% shareholding in Alternatifbank A.S. (ABank) in Turkey from Anadolu Endustri Holding A.S. (Anadolu). The completion follows regulatory approval from the regulators in Qatar and Turkey. Commercial Bank announced its intention to acquire a majority stake in ABank in March 2013. As part of the transaction, Commercial Bank will launch a mandatory tender offer to acquire the 4.16% of ABank's shares that remain in the public domain. Details of the tender offer will be announced in due course.  Full Article

Commercial Bank Of Qatar QSC Announces Approval For Acquisition Of Alternatifbank A.S.
Tuesday, 2 Jul 2013 03:42am EDT 

Commercial Bank Of Qatar QSC announced that it has received regulatory approval from the Banking Regulation and Supervision Agency for the acquisition of a 70.84% shareholding in Alternatifbank A.S. (ABank) from AnadoluEndustri Holding A.S. (Anadolu). Hereafter, subject to the approval of the Capital Markets Board, the transactions related to the share transfer will be conducted as legally required and announced to public when completed.  Full Article

Commercial Bank of Qatar QSC Issues Further Information Concerning Acquisition of Majority Stake In Alternatifbank AS From Anadolu Endustri Holding AS In Turkey
Monday, 18 Mar 2013 08:00pm EDT 

Commercial Bank of Qatar QSC announced that has agreed to acquire a 70.84% shareholding in Alternatifbank AS (ABank) from Anadolu Endustri Holding AS (Anadolu) for two times the book value at 30 June 2013; the book value of ABank at 31 December 2012 was TRL 585 million (USD 328 million). The acquisition remains subject to relevant regulatory approval and is expected to be completed in the second half of 2013. As part of the transaction, the Company will also launch a public tender offer to acquire the 4.16% of ABank‚Äôs shares held in the public domain.  Full Article

UPDATE 1-Commercial Bank of Qatar Q2 net profit dips 3 pct

* Q2 net profit 502.6 mln riyals, down 3 pct - Reuters calculations

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