Summary Info
Issuance of Tier 2 Eurobond Abroad
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Subject of Notification
Other
Board Decision Date
20.11.2024
Related Issue Limit Info
Currency Unit
USD
Limit
5.000.000.000
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Approval Date
26.12.2024
Capital Market Instrument To Be Issued Info
Type
Subordinated Debt Securities
Maturity Date
02.04.2036
Maturity (Day)
3.838
Sale Type
Oversea
Coupon Number
0
Rating
Does the issuer have a rating note?
Yes
Issuer Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
Fitch Ratings
AA-(tur)- Ulusal Uzun Vadeli Notu (National Long Term)
30.05.2025
Yes
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?
Fitch Ratings
B
23.09.2025
No
Does the originator have a rating note?
No
Additional Explanations
Ref: Our public disclosure dated 22.09.2025. With the related public disclosure, it was announced that our Bank has mandated BofA Securities, First Abu Dhabi Bank, HSBC, Mashreq, Mizuho and Standard Chartered Bank with respect to the issuance of U.S. dollar-denominated Basel III compliant Tier 2 notes to be sold to investors outside Türkiye. Within this framework, it is planned to issue Tier 2 Notes abroad with a nominal value of USD 500 million, which possess the characteristics specified in Article 8 of the Banking Regulation and Supervision Agency's (BRSA) Regulation on Equity of the Banks. This instrument will have a have call option subject to approval of the BRSA, coupon rate of 7.375%, maturity of 10.5 years, and semi-annual coupon payments. The call option can be exercised from 2 January 2031 to 2 April 2031. The issuance will be completed on 29 September 2025, following the necessary approval from the Capital Markets Board (CMB). 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.