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Summary Info
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Recent developments on the issuance of debt securities abroad
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Update Notification Flag
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No
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Correction Notification Flag
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No
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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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Board Decision Date
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07.08.2023
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Currency Unit
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EUR
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Limit
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500.000.000
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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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20.09.2023
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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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25.04.2029
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Maturity (Day)
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1.285
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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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500.000.000
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Maturity Starting Date
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25.04.2024
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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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XS2782775345
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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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25.10.2024
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2
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25.04.2025
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3
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25.10.2025
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4
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25.04.2026
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5
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25.10.2026
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6
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25.04.2027
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7
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25.10.2027
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8
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25.04.2028
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9
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25.10.2028
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10
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25.04.2029
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Principal/Maturity Date Payment Amount
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25.04.2029
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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, S&P Ratings
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BB+ (Fitch), BB- (S&P)
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11.04.2024
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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, S&P Ratings
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BB+ (Fitch), BB- (S&P)
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18.04.2024
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No
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The book building process for the sale of our Company's bonds to qualified investors outside Turkey in accordance with "Regulation S" and "Rule 144A" has been completed. The bonds are expected to be listed on the Irish Stock Exchange. The bonds to be issued are in an amount of USD 500 million with a 5 year maturity, at a reoffer price of 100%, with a fixed coupon rate of 7.125% per annum ( yield to maturity 7.125%) The transaction is expected to be completed as of 25.04.2024 after the subscription agreement is signed and the tranche issuance document is obtained from CMB. If the date specified in the redemption schedule above is not a business day, payment will be made the next business day. 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.
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