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Summary Info
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About the Sustainable Eurobond Issuance
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Update Notification Flag
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No
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Correction Notification Flag
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Yes
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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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Reason of Correction
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Correction of type in Capital Market Instrument To Be Issued Info
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Board Decision Date
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28.08.2023
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Currency Unit
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USD
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Limit
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1.000.000.000
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Issue Limit Security Type
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Green/Sustainability-Themed Capital Market Instruments
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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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31.08.2023
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Capital Market Instrument To Be Issued Info
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Type
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Sustainable Bond
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Maturity Date
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12.10.2028
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Maturity (Day)
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1.857
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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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Is The Issued Capital Market Instrument Green/Sustainability-Themed?
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Yes
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Central Securities Depository
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Euroclear
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Ending Date of Sale
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12.09.2023
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Nominal Value of Capital Market Instrument Sold
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750.000.000
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Maturity Starting Date
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12.09.2023
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Issue Exchange Rate
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1
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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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XS2677517497
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Coupon Number
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10
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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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12.04.2024
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2
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14.10.2024
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3
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14.04.2025
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4
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13.10.2025
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5
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13.04.2026
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6
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12.10.2026
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7
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12.04.2027
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8
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12.10.2027
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9
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12.04.2028
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10
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12.10.2028
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Principal/Maturity Date Payment Amount
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12.10.2028
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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 Ratings
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A+(tur) - Ulusal Uzun Vadeli Notu (National Long Term)
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26.07.2022
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Yes
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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 Ratings
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B-
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05.09.2023
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No
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Reference: VakıfBank public disclosure dated September 5th, 2023 It was announced with the referred disclosure that the issuance document approved by the CMB regarding the Sustainable Eurobond amounting to USD 750 million with 5 years and 1 month (due date October 12th 2028), fixed rate notes with semi-annual interest payment, the yield and the coupon rate have been set at 9.125% and 9% respectively. Accordingly, the proceeds of Sustainable Eurobond amounting to USD 750 million have been transferred to VakıfBank's accounts on September 12th, 2023. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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