Summary Info
Regarding the issuance of debt securities which can be included Additional Tier 1 Capital at abroad
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Subject of Notification
Other
Board Decision Date
25.12.2024
Related Issue Limit Info
Currency Unit
USD
Limit
7.000.000.000
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Approval Date
10.04.2025
Capital Market Instrument To Be Issued Info
Type
Subordinated Debt Securities
Maturity Date
04.03.2036
Maturity (Day)
3.834
Sale Type
Oversea
Rating
Does the issuer have a rating note?
Yes
Issuer Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
Fitch Ratings
AA-(tur) - Ulusal Uzun Vadeli Notu (National Long Term)
01.07.2025
Yes
Does the capital market instrument have a rating note?
Yes
Capital Market Instrument Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
Fitch Ratings
B-
27.08.2025
No
Does the originator have a rating note?
No
Additional Explanations
Ref: Our public disclosure dated 26.08.2025. The process of book building which is stated in the public disclosure dated 26.08.2025 has been completed; in this context, issuance of a perpetual Additional Tier 1 Notes (AT1) abroad with the nominal amount of USD 500 million, having the particulars specified in the BRSA's Regulation on Equity of the Banks in compliance with the conditions mentioned in the Article 7 entitled "Additional Tier 1 Capital", which have the call option subject to approval of the BRSA in all option dates mentioned below, with a coupon rate of 8,25% and semi-annual coupon payments is planned. The first call option can be exercised from 4 September 2030, corresponding to the 5th year of issuance, until 4 March 2031. In case our Bank does not exercise the call option, there is a call option on every semi-annual coupon payment date thereafter. The issuance is planned to be completed on 4 September 2025, following the receipt of necessary CMB approval. Additional Tier 1 Notes are perpetual. However, the maturity date is entered as 4 March 2036 in order to register the notes in the Central Securities Depository's (MKK) system. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.