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Summary Info
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Recent developments on the issuance of subordinated eurobond abroad
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Update Notification Flag
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No
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Correction Notification Flag
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No
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Postponed Notification Flag
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No
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Subject of Notification
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Other
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Board Decision Date
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25.12.2024
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Currency Unit
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USD
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Limit
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7.000.000.000
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Issue Limit Security Type
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Debt Securities
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Sale Type
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Oversea
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Domestic / Oversea
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Oversea
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Capital Market Board Approval Date
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10.04.2025
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Capital Market Instrument To Be Issued Info
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Type
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Subordinated Debt Securities
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Maturity Date
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11.06.2036
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Maturity (Day)
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3.835
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Sale Type
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Oversea
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Does the issuer have a rating note?
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Yes
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Issuer Rating Note
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Rating Company
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Rating Note
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Rating Date
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Is it Investment Grade?
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Fitch Ratings
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AA-(tur) - Ulusal Uzun Vadeli Notu (National Long Term)
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01.07.2025
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Yes
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Does the capital market instrument have a rating note?
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Yes
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Capital Market Instrument Rating Note
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Rating Company
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Rating Note
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Rating Date
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Is it Investment Grade?
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Fitch Ratings
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B
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04.12.2025
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No
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Does the originator have a rating note?
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No
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Ref: Our public disclosure dated 04.12.2025. The process of book building which was stated in the public disclosure dated 04.12.2025 has been completed; in this context, issuance of subordinated notes (Tier II) 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 8 entitled "Tier II Capital", with a 10.5 years maturity, coupon rate of 7,55% and semi-annual coupon payments is planned. The call option can be exercised from 11 March 2031 until 11 June 2031. The issuance is planned to be completed on 11 December 2025, following the receipt of necessary CMB approval. This statement has been translated into English and simultaneously announced for informational purposes. In the event of any discrepancy between the Turkish and the English versions, the Turkish version shall prevail.
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