Summary Info
Authorization to the Head Office for the Issuance of Mortgage Covered Bonds Abroad
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
20.11.2023
Issue Limit
300.000.000
Currency Unit
EUR
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Additional Explanations
As per the resolution of İşbank's Board of Directors, the Head Office has been authorized to take the necessary actions with regard to the issuance of mortgage covered bonds by our Bank outside Turkey, with different series and maturities, 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 300 million or its equivalent in any other currency including Turkish Lira. In this respect, İşbank will be making an application to Capital Markets Board and other regulatory authorities for the annual renewal of the authorisation. 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.