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It has been decided by the Board of Directors that the General Directorate would be authorized to issue bills and/or bonds in Turkish Liras in Turkey, with varying maturities, up to TL 30 Billion, through single or multiple issuances; to determine the maturity of the bills and/or bonds utmost maturity of 5 years; to realize the sales via private placement and/or by selling to qualified investors; to issue with discounts and/or coupon depending on the market conditions and to issue coupon bonds or other benchmark (CPI, TLREF etc.) with fixed or floating interest rate; to take as reference one or more treasury bills and/or government bonds which are consistent with the bills and/or bonds to be issued; to add extra premium, if necessary; to determine the rate of extra premium to be added; to designate all terms and conditions regarding the issues, including the interest rates; and to make all required applications to Banking Regulation and Supervision Agency, Capital Markets Board and other regulatory authorities. In case of contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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