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Commercial Bank Turkish unit completes $300M Basel III-compliant eurobond

CommercialBank (Q.S.C.) formally accepted the of CEO Meriç Ulusahin.

The bank named Alternatifbank CFO and deputy CEO, Müge Oner,as the Turkish unit's acting CEO, with immediate effect.

In the April 27 announcement, Commercial Bank added thatAlternatifbank completed the issuance of its first Basel III-compliant Tier 2eurobond. The $300 million eurobond, which was oversubscribed 4.2x, is in theRegS-only format for non-callable five-years notes with a 10-year maturity.