Summary Info
Developments regarding the issuance of debt instruments for sale to non-residents
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
07.08.2023
Issue Limit
500.000.000
Currency Unit
EUR
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
15.08.2023
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
20.09.2023
Expiry Date of Issue Limit
20.09.2024
Additional Explanations
BNP Paribas, Citigroup Global Markets Limited, HSBC Bank plc and Société Générale have been mandated for selling our Company's bonds to qualified investors outside Turkey within the format of "Rule 144A" and/or "Regulation S". In this context, it is planned to arrange a series of investor meetings in the UK and the USA with the participation of our Company's Senior Executives starting from April 15th, 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 Eurobonds, which are expected to be rated at "BB+" by Fitch Ratings and "BB-" by S&P Global Ratings, will be completed following the final registration of the regulatory issue certificate from the Capital Markets Board (CMB). This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.