The Deal Global Ports Holding (GPH) successfully issued its debut $250mm 7NC4 bond offering at a yield of 8.25%. IEG-Global, Istanbul acted as independent debt advisor. The team of IEG-Global, led by Managing Director Jan Fomferra, was instrumental for the successful bond issuance and provided critical support to GPH throughout the entire bond process, including the selection of bookrunners, debut rating process, bond structuring, as well as process management & coordination.
The Client Global Liman İşletmeleri A.Ş. (Global Ports Holding or GPH) is the world's largest cruise port operator with a diversified portfolio of cruise and commercial ports in Turkey and the Mediterranean region. It has operations in 8 ports in 5 countries, including Antalya, Kusadasi and Bodrum in Turkey; Barcelona and Malaga in Spain; Lisbon, Portugal; Bar, Montenegro as well as Singapore.