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Summary Info
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Developments on the Issuance of Debt Securities Abroad - TAP
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Update Notification Flag
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No
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Correction Notification Flag
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Yes
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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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Reason of Correction
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USD 200 Million - TAP
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Board Decision Date
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08.05.2024
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Currency Unit
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USD
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Limit
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1.000.000.000
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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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28.06.2024
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Capital Market Instrument To Be Issued Info
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Type
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Bond
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Maturity Date
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23.07.2029
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Maturity (Day)
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1.826
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Sale Type
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Oversea
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The country where the issue takes place
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İrlanda
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Central Securities Depository
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Euroclear/Clearstream
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Nominal Value of Capital Market Instrument Sold
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950.000.000
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Maturity Starting Date
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23.07.2024
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Interest Rate Type
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Fixed Rate
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Traded in the Stock Exchange
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Yes
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Payment Type
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Foreign Exchange Payment
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ISIN Code
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XS2861686041
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Coupon Number
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10
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Currency Unit
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USD
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Coupon Payment Frequency
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Once Every Six Months
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Redemption Plan of Capital Market Instrument Sold
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Coupon Number
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Payment Date
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Was The Payment Made?
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1
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23.01.2025
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2
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23.07.2025
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3
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23.01.2026
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4
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23.07.2026
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5
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25.01.2027
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6
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23.07.2027
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7
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24.01.2028
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8
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24.07.2028
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9
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23.01.2029
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10
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23.07.2029
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Principal/Maturity Date Payment Amount
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23.07.2029
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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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B+
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30.05.2024
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No
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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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10.07.2024
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No
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As announced in our disclosure published on the Public Disclosure Platform on 10 July 2024; Our Company will issue bond abroad with a nominal value of USD 200 million with a 5 year maturity, with a yield of 8.125% per annum, with a fixed coupon rate of 8.375% per annum. Merrill Lynch International, Citigroup Global Markets Limited and BNP Paribas have been mandated for selling our Company's bonds to qualified investors outside Türkiye within the format of "Rule 144A" and/or "Regulation S". The transaction is expected to be completed after the tenor issuance document is obtained from CMB. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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