Summary Info
Developments Regarding the Issuance of Debt Securities for Sale to Non-Residents
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
08.05.2024
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
31.05.2024
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
28.06.2024
Expiry Date of Issue Limit
28.06.2025
Additional Explanations
Merrill Lynch International, Citigroup Global Markets Limited, BNP Paribas, Banco Bilbao Vizcaya Argentaria, S.A., Société Générale and Emirates NBD Bank PJSC have been mandated for selling our Company's bonds to qualified investors outside Türkiye within the format of "Rule 144A" and/or "Regulation S". In this context, it is planned to arrange a series of investor meetings abroad with the participation of our Company's Senior Executives starting from July 11th, 2024. The ultimate decision for the bond issuance and conditions of the bond issue will be determined based on market conditions after the investor meetings. The issuance of Eurobond, which is expected to be rated at "B+" by Fitch Ratings and "B3" by Moody's, will be completed following the final registration of the regulatory issue certificate from the Capital Markets Board (CMB). In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.