Summary Info
Application to Capital Markets Board Regarding the Issuance of Mortgage Covered Bonds Abroad
Update Notification Flag
No
Correction Notification Flag
Yes
Postponed Notification Flag
No
Reason of Correction
With the related public disclosure, it was announced that the Head Office had been authorized by İşbank's Board of Directors for the issuance of mortgage covered bonds outside Turkey up to a total amount of EUR 250 million or its equivalent in any other currency including Turkish Lira, however, the application within this context has been made to the Capital Markets Board for the amount of EUR 200 million.
Authorized Member Decision Date
21.06.2022
Issue Limit
200.000.000
Currency Unit
EUR
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
01.07.2022
Additional Explanations
Reference: Public disclosure of Türkiye İş Bankası A.Ş. (İşbank) on 22.06.2022. With the related public disclosure, it was announced that the Head Office had been authorized by İşbank's Board of Directors to take the necessary actions with regard to the issuance of mortgage covered bonds by İşbank in one or more issuances outside Turkey; with different series and maturities, and having fixed and/or floating interest rates to be determined at the respective issuance dates in accordance with the market conditions and up to a total amount of EUR 250 million or its equivalent in any other currency including Turkish Lira. In this respect, the application has been made to the Capital Markets Board for the issuance ceiling amount that will allow the issuance of mortgage covered bonds abroad up to a total amount of EUR 200 million or its equivalent in other currencies, including Turkish Lira. This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.