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Summary Info
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Announcement regarding issuance of subordinated notes
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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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Completion of the Sale
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Board Decision Date
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06.02.2025
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Currency Unit
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USD
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Limit
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6.000.000.000
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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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15.05.2025
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Capital Market Instrument To Be Issued Info
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Type
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Subordinated Debt Securities
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Maturity Date
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15.04.2036
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Maturity (Day)
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3.835
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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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700.000.000
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Maturity Starting Date
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15.10.2025
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Issue Exchange Rate
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41,697
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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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XS3205715611
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Coupon Number
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21
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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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15.04.2026
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2
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15.10.2026
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3
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15.04.2027
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4
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15.10.2027
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5
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15.04.2028
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6
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15.10.2028
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7
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15.04.2029
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8
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15.10.2029
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9
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15.04.2030
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10
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15.10.2030
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11
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15.04.2031
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12
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15.10.2031
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13
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15.04.2032
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14
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15.10.2032
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15
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15.04.2033
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16
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15.10.2033
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17
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15.04.2034
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18
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15.10.2034
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19
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15.04.2035
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20
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15.10.2035
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21
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15.04.2036
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Principal/Maturity Date Payment Amount
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15.04.2036
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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 /Moody's
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Fitch /Moody's
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17.09.2024
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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 /Moody's
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B+ / B1
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07.10.2025
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No
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Does the originator have a rating note?
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No
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Our Bank has mandated Banco Bilbao Vizcaya Argentaria, S.A, Merrill Lynch International, Citigroup Global Markets Limited, Societe Generale, Abu Dhabi Commercial Bank PJSC, Mashreqbank psc, ING Bank N.V and SMBC Bank International plc for an issuance of U.S. dollar-denominated subordinated notes (Basel III compliant) to be sold abroad. The fixed rate notes with nominal amount of USD 700 million, 10.5NC5.5 maturity, redemption date of 15 April 2036 and the coupon rate of 7,625%. *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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