|
Summary Info
|
Regarding AT-1 the issuance
|
|
Update Notification Flag
|
No
|
|
Correction Notification Flag
|
No
|
|
Postponed Notification Flag
|
No
|
|
Subject of Notification
|
Other
|
|
|
Board Decision Date
|
30.11.2023
|
|
|
|
|
Currency Unit
|
USD
|
|
Limit
|
5.000.000.000
|
|
Issue Limit Security Type
|
Subordinated Debt Securities
|
|
Sale Type
|
Oversea
|
|
Domestic / Oversea
|
Oversea
|
|
Capital Market Board Approval Date
|
29.02.2024
|
|
Capital Market Instrument To Be Issued Info
|
|
Type
|
Subordinated Debt Securities
|
|
Maturity Date
|
24.07.2034
|
|
Maturity (Day)
|
3.743
|
|
Sale Type
|
Oversea
|
|
Coupon Number
|
0
|
|
|
|
|
Does the issuer have a rating note?
|
Yes
|
|
|
Issuer Rating Note
|
|
Rating Company
|
Rating Note
|
Rating Date
|
Is it Investment Grade?
|
|
Fitch Rating
|
A+(tur) - Ulusal Uzun Vadeli Notu
|
26.07.2022
|
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 Rating
|
CCC (Yabancı Para İlave Ana Sermayeye Dâhil Edilebilir Borçlanma Aracı (AT1) Kredi Notu)
|
17.04.2024
|
No
|
|
|
|
|
Does the originator have a rating note?
|
No
|
|
|
|
|
Reference: VakıfBank Public Disclosure Dated April 15, 2023 It was announced with the referred disclosure that; consortium consisting of international banks had been mandated to organize conference calls with international fixed income investors for a potential USD benchmark Perpetual Non-Call 5.25-year Fixed Rate Resettable Additional Tier-1 notes that subject to market conditions. The book-building process of the Additional Tier-1 Notes has been completed amounting to USD 550 million. In this regard, the additional Tier 1 notes have the call option subject to approval of the BRSA in all option dates mentioned below. The first call option can be exercised from April 24th, 2029, corresponding to the 5th year of issuance, until July 24th, 2029. In case our Bank does not exercise the call option, there is a call option on every semi-annual coupon payment date thereafter. The yield rate of AT1 notes has been set at 10.125% and issuance of the notes will be completed on 24 March 2024. Additional Tier 1 Notes are perpetual. However, the maturity date is determined as 24.07.2034 in order to register the notes in the Central Securities Depository's (MKK) system. According to the CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
|
|
|