Summary Info
Developments on the Issuance of Debt Securities for Sale Outside of Türkiye
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
14.06.2024
Issue Limit
750.000.000
Currency Unit
USD
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
14.06.2024
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
01.08.2024
Expiry Date of Issue Limit
01.08.2025
Additional Explanations
The book building process for the debt securities to be issued for sale to qualified investors outside of Türkiye within the format of "Rule 144A" and/or "Regulation S" is completed. The nominal value of the notes to be issued is USD 500,000,000, the applicable annual interest rate is 8.000% and the maturity of the notes will be 7 years with an early redemption option starting at the end of three years. The notes will be admitted to trade on the Irish Stock Exchange (Euronext Dublin). The sale transaction is expected to be completed on September 11, 2024, following the execution of the agreement for issuance and the Capital Markets Board approval for the tranche issuance document. This Material Disclosure Announcement is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.
Supplementary Documents
Appendix: 1
Ek_1_PegasusİhraçBelgesi.pdf