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The book building process for the sale of our Company's bonds to qualified investors outside Turkey in accordance with "Regulation S" and "Rule 144A" has been successfully completed. Starting from 19 October 2020, the senior management of our Company attended virtual investor meetings with the foreign investors for three days' period. As a result of the bookbuilding process, with the participation of more than 130 investors from 28 countries the bond issue received a subscription of USD 1.8 billion whereas the initial offering target was USD 450 million. As result, our Company resolved to proceed with the issuance with a nominal amount of USD 650 million and a maturity of 5 years. The transaction process is expected to be completed as of 30 October 2020 after the subscription agreement is signed and getting the approval for the tranche issuance certificate which will be obtained from the Capital Markets Board.
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