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Summary Info
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Announcement Regarding the Issuance of Subordinated Bond (Tier 2) Abroad Completion
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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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Issuer Rating Note has been corrected.
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Board Decision Date
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13.06.2024
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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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05.10.2034
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Maturity (Day)
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3.744
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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/Clearstream, DTC
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Ending Date of Sale
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26.06.2024
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Nominal Value of Capital Market Instrument Sold
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700.000.000
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Maturity Starting Date
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05.07.2024
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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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No
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Payment Type
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Foreign Exchange Payment
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ISIN Code
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XS2850573374
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Coupon Number
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1
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Currency Unit
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USD
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Coupon Payment Frequency
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Single Coupon
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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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05.10.2034
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Principal/Maturity Date Payment Amount
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05.10.2034
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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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AA(tur)/ Ulusal Uzun Vadeli Not
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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 Katkı Sermayeye Dâhil Edilebilir Borçlanma Aracı Kredi Notu)
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26.06.2024
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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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VakıfBank Public Disclosure Dated June 26, 2024 and June 27, 2024 It was announced with the referred disclosures that a consortium of international banks was authorized to issue debt instruments denominated in US Dollars that can be included as Tier II under Article 8, titled Contribution Capital of the Regulation on the Equity of Banks, and that the book building process for the issuance of Tier II amounting to USD 700 million had been completed and the issuance had been carried out. In this context, the issuance amount of USD 700 million, ISIN code XS2850573374, of Tier II debt instruments was transferred to our Bank's accounts on July 5, 2024, and the issuance process has been completed. 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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