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Our board of directors has decided, pursuant to the authority granted by Article 10 of our Company's Articles of Association, to apply to the Capital Markets Board for the issuance of debt instruments up to a total amount of 550,000,000 US Dollars or equivalent, to be sold outside of Türkiye through one or more issuances within a 1-year period from the approval date of the Capital Markets Board. In line with this decision, an application was made to the Capital Markets Board on 12 March 2024. Following the approval of the issuance document by the Capital Markets Board, the final amount, maturity, and interest rate of the issuance will be determined considering the market conditions on the issuance date, and a final decision regarding the issuance will be made. The proceeds from the debt instruments to be issued under the mentioned issuance limit application are planned to be used for the refinancing of Eurobonds issued in 2020 and maturing in October 2025.
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