Summary Info
Developments on the Issuance of Debt Securities for Sale Outside of Turkey
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
09.06.2021
Issue Limit
1.000.000.000
Currency Unit
USD
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
16.06.2021
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
14.07.2021
Expiry Date of Issue Limit
14.07.2022
Additional Explanations
In connection with the issuance of bonds outside of Turkey as disclosed in our disclosure dated 10.06.2021, our Company and the bonds that are planned to be issued were rated by international rating agencies S&P Global Ratings Europe Limited ("S&P") and Fitch Ratings Limited ("Fitch"). The notes are expected to be rated B by S&P and B+ by Fitch and confirmed ratings will be separately disclosed. Furthermore, starting from 19.07.2021, the members of our senior management will attend a series of virtual investor meetings to be arranged with potential investors residing abroad. Final decision on the issuance will be determined based on market conditions at the time of issuance and the issuance will be completed following the receipt of the tranche issuance document from the Capital Markets Board.