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Summary Info
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Call Option Exercise for 2021 Eurobonds
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Update Notification Flag
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Yes
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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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Early Redemption
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Board Decision Date
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17.03.2021
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Currency Unit
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USD
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Limit
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750.000.000
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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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01.04.2021
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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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30.04.2026
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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, Lüksemburg; DTC
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Ending Date of Sale
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30.04.2021
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Nominal Value of Capital Market Instrument Sold
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375.000.000
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Maturity Starting Date
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30.04.2021
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Issue Exchange Rate
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8,2311
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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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XS2337336445
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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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30.10.2021
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Yes
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2
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29.04.2022
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Yes
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3
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27.10.2022
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Yes
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4
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27.04.2023
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Yes
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5
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26.10.2023
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Yes
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6
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29.04.2024
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Yes
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7
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25.10.2024
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Yes
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8
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30.04.2025
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9
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30.10.2025
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10
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30.04.2026
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Principal/Maturity Date Payment Amount
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30.04.2026
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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 Limited, S&P Global Ratings Europe Limited
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BB- (durağan), B+ (durağan)
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06.10.2023
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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 Limited, S&P Global Ratings Europe Limited
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BB-, B+ (durağan)
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06.10.2023
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No
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Other Developments Regarding Issue
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The issuance and sale of debt instruments issued with a nominal value of USD 350,000,000 for sale outside of Turkey is completed as of 30 April 2021. The maturity of the notes is 5 years with an early redemption option at three and four years. Following the buyback process initiated in September 2024, notes with a remaining nominal value of USD 163,914,000 are traded on the Irish Stock Exchange (Euronext Dublin).
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The Company resolved on exercising its call option for the remaining balance of 2021 Eurobonds as of 30.04.2025, simultaneously with the eighth coupon payment. In accordance with the terms of the said Eurobonds, principal repayment will be 100% of the nominal principal value.
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