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Odea Bank 8.606% 08/27 Bond

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USD

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Yield:--.--

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Price
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Bond Description

Current Coupon

8.606%

Maturity Date

01/08/2027

Credit Risk

High

Currency

USD

Seniority

Senior Subordinated Unsecured

Coupon Type

Fixed-Fixed (Margin-over Index)

Country

TUR

Industry Type

Banks (Tier 2)

Callable

Yes

Perpetual

Guarantor

None

Bond RatingsBB-

Issuer Rating¹

BB-

Last Rating Action

Upgrade on 2025-03-28

Issuer Rating Watch/Outlook

Rating Outlook Stable

Issue Rating²

CCC

Last Rating Action

Upgrade on 2025-05-08

Issuer Rating Action History

21/11/2024

B-

Rating Watch Maintained

Rating Watch Positive

12/11/2024

B-

Rating Watch Revision

Rating Watch Positive

19/09/2024

B-

Rating Watch On

Rating Watch Negative

Yield Analysis

Yield³

8.59

Yield to Call

8.59

Z Spread (bps)

455.7

Duration

1.88

Next Coupon Date

01/02/2022

Accrued Interest

2.893

Next Call Date

Not Applicable

Next Call Price

Not Applicable

Liquidity

Illiquid

Next Reset Date

01/08/2022

Reset Index (Current Level)

4.200%

Spread

572.3bp

Reset Index

USISDA05 (USD ICE Swap Rate 11:00AM NY 5)

Bond Additional Information

ISIN Code

XS1655085485

Registration Type

Regulation S

Amount Issued

300,000,000

Amount Outstanding

300,000,000

Issue Date

01/08/2017

Issue Price

100

Coupon Frequency

Day Count

ISMA-30/360

Redemption Value

100

Min. Denomination

200,000

Footnotes:
¹ Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
² Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
³ Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.
Last traded data sourced from BondCliQ.