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Summary Info
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Regarding AT-1 issuance completion
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Update Notification Flag
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Yes
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Correction Notification Flag
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No
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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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Board Decision Date
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30.11.2023
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Currency Unit
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USD
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Limit
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5.000.000.000
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Issue Limit Security Type
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Subordinated Debt Securities
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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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29.02.2024
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Capital Market Instrument To Be Issued Info
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Type
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Subordinated Debt Securities
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Maturity Date
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24.07.2034
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Maturity (Day)
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3.743
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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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Central Securities Depository
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Euroclear
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Ending Date of Sale
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24.04.2024
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Nominal Value of Capital Market Instrument Sold
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550.000.000
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Maturity Starting Date
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24.04.2024
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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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XS2793703500
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Coupon Number
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0
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Redemption Date
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24.07.2034
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Record Date
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21.07.2034
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Payment Date
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24.07.2034
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Currency Unit
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USD
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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 Rating
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A+(tur) - Ulusal Uzun Vadeli Notu
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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 Rating
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CCC (Yabancı Para İlave Ana Sermayeye Dâhil Edilebilir Borçlanma Aracı (AT1) Kredi Notu)
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17.04.2024
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No
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Does the originator have a rating note?
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No
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Reference: VakıfBank Public Disclosure Dated April 15, 2024 and April 17, 2024 It was announced with the referred disclosures that; the issuance of USD denominated Additional Tier 1 notes that qualified as Tier 1 capital pursuant to Article 7 of the Regulation on Equity of the Banks, evaluated following the relevant investor consersium and the book-building process of the Additional Tier-1 Notes has been completed amounting to USD 550 million. In this context, the issuance amount of debt instrument that can be included Additional Tier 1 Capital amounting to USD 550 million with the ISIN code XS2793703500 have been transferred to VakıfBank's accounts on 24.04.2024. Additional Tier 1 Notes are perpetual. The maturity date has stated 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.
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