Summary Info
Completion of the Issuance and Sale of Debt Securities for Sale Outside of Türkiye (144A)
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Subject of Notification
Completion of the Sale
Board Decision Date
11.09.2024
Related Issue Limit Info
Currency Unit
USD
Limit
750.000.000
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Approval Date
01.08.2024
Capital Market Instrument To Be Issued Info
Type
Bond
Maturity Date
11.09.2031
Maturity (Day)
2.556
Sale Type
Oversea
The country where the issue takes place
İrlanda
Central Securities Depository
Euroclear & Clearstream
Ending Date of Sale
11.09.2024
Nominal Value of Capital Market Instrument Sold
46.534.000
Maturity Starting Date
11.09.2024
Issue Exchange Rate
33,9398
Interest Rate Type
Fixed Rate
Traded in the Stock Exchange
Yes
Payment Type
Foreign Exchange Payment
ISIN Code
US705567AB14
Coupon Number
14
Currency Unit
USD
Coupon Payment Frequency
Once Every Six Months
Redemption Plan of Capital Market Instrument Sold
Coupon Number
Payment Date
Was The Payment Made?
1
11.03.2025
2
11.09.2025
3
11.03.2026
4
11.09.2026
5
11.03.2027
6
10.09.2027
7
10.03.2028
8
11.09.2028
9
09.03.2029
10
11.09.2029
11
11.03.2030
12
11.09.2030
13
11.03.2031
14
11.09.2031
Principal/Maturity Date Payment Amount
11.09.2031
Rating
Does the issuer have a rating note?
Yes
Issuer Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
S&P Global Ratings Europe Limited & Fitch Ratings Limited
B+ & BB-
21.05.2024
No
Does the capital market instrument have a rating note?
Yes
Capital Market Instrument Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
S&P Global Ratings Europe Limited & Fitch Ratings Limited
B+ & BB-
11.09.2024
No
Additional Explanations
The issuance and sale of notes with a total nominal value of USD 500,000,000 and a maturity of 7 years, issued for sale to qualified investors outside of Türkiye within the format of "Rule 144A" and/or "Regulation S", have been completed on 11 September 2024. The notes will be admitted to trade on the Irish Stock Exchange (Euronext Dublin). The part of the notes sold to non-US resident institutional investors (Reg S) is recorded under the International Securities Identification Number (ISIN) XS2897383043, whereas the remaining part of the notes sold to US-resident institutional investors (144A) is recorded under the International Securities Identification Number (ISIN) US705567AB14. This Material Disclosure Announcement is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.