Summary Info
CMB Approval of the International Debt Instrument Issuance Ceiling
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
02.12.2021
Issue Limit
5.000.000.000
Currency Unit
USD
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
15.12.2021
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
30.12.2021
Expiry Date of Issue Limit
30.12.2022
Additional Explanations
Ref: VakıfBank Public Disclosure dated December 16th, 2021 It was announced with the referred disclosure that the Head Office is authorized by the Board of Directors on the meeting that was held on 2.12.2021 to apply to Banking Regulation and Supervision Agency and the Capital Markets Board and obtain approvals in order to issue private placements, eurobonds and capital debt instruments (sub-debts) to be included in the equity calculation in all currencies up to US$ 5 billion and accordingly, the applications were made to the CMB and the BRSA for the renewal of the issuance certificate which allows the international issuances of private placements, eurobonds and subordinated bonds, equivalent to USD 5 billion and valid for one year. The Bank's application was approved in Capital Markets Board meeting, dated December 30th, 2021 and the Bank is authorized to issue eurobond and similar debt instruments in abroad up to USD 5 billion equivalent in TL or foreign currencies. Capital Market Board's approval is enclosed herewith. Please be informed that the enclosed document is in Turkish only. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
Supplementary Documents
Appendix: 1
Onaylı İhraç Belgesi.pdf