Summary Info
Recent developments on the issuance of debt securities abroad
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
12.03.2024
Issue Limit
550.000.000
Currency Unit
USD
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
12.03.2024
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
09.05.2024
Expiry Date of Issue Limit
09.05.2025
Additional Explanations
As disclosed in our public disclosure dated 10.05.2024, the Capital Markets Board of Türkiye has approved the issuance and sale of debt securities abroad, valid for one year from the date of approval. In this respect, J.P. Morgan Securities plc, Merrill Lynch International, Emirates NBD Bank PJSC, HSBC Bank plc and Rabo Securities have been mandated for the sale of the bonds to be issued by our Company to qualified investors outside Türkiye in the format of "Rule 144A" and/or "Regulation S". Starting from June 24, 2024, it is planned that the senior management of our Company will attend a series of investor meetings to be organized with potential investors residing outside of Türkiye. The final decision regarding the issuance of the bonds, including the amount and terms of the issue, will be determined based on market conditions following these meetings, and the sale will be completed after obtaining the tranche issue document from the Capital Markets Board. Any further developments will be disclosed to the public.