Summary Info
Completion of the issuance and sale of debt instruments to non-resident investors abroad (Reg S)
Update Notification Flag
No
Correction Notification Flag
Yes
Postponed Notification Flag
No
Subject of Notification
Completion of the Sale
Reason of Correction
Nominal Value of Capital Market Instrument Sold is classified.
Board Decision Date
04.09.2024
Related Issue Limit Info
Currency Unit
USD
Limit
1.100.000.000
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Approval Date
25.09.2024
Capital Market Instrument To Be Issued Info
Type
Bond
Maturity Date
23.04.2030
Maturity (Day)
2.008
Sale Type
Oversea
The country where the issue takes place
İrlanda
Central Securities Depository
Euroclear/Clearstream
Ending Date of Sale
23.10.2024
Nominal Value of Capital Market Instrument Sold
671.941.000
Maturity Starting Date
23.10.2024
Issue Exchange Rate
34,2011
Interest Rate Type
Fixed Rate
Traded in the Stock Exchange
Yes
Payment Type
Foreign Exchange Payment
ISIN Code
XS2926261426
Coupon Number
11
Currency Unit
USD
Coupon Payment Frequency
Once Every Six Months
Redemption Plan of Capital Market Instrument Sold
Coupon Number
Payment Date
Was The Payment Made?
1
23.04.2025
2
23.10.2025
3
23.04.2026
4
23.10.2026
5
23.04.2027
6
23.10.2027
7
23.04.2028
8
23.10.2028
9
23.04.2029
10
23.10.2029
11
23.04.2030
Principal/Maturity Date Payment Amount
23.04.2030
Rating
Does the issuer have a rating note?
Yes
Issuer Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
Fitch Ratings, Moody's Ratings
B+ (Stable) Fitch, B3 (Positive) Moody's
23.10.2024
No
Does the capital market instrument have a rating note?
Yes
Capital Market Instrument Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
Fitch Ratings, Moody's Ratings
B+ Fitch, B3 Moody's
23.10.2024
No
Additional Explanations
This material event disclosure is the adjusted version (classified in RegS format by writing the current amount) of the "Nominal Value of Capital Market Instrument Sold" mentioned in the material event disclosure dated October 23, 2024, upon the request of the Central Registry Agency (CRA). Pursuant to our material event disclosure dated October 22, 2024, the sale of sustainability-linked bonds to qualified investors outside Türkiye, which was approved by the Capital Markets Board on October 22, 2024, is completed on October 23, 2024 and the proceeds from the bond sale have been transferred to our Company's accounts. The said bonds have been listed on the Irish Stock Exchange (Euronext Dublin). The proceeds from the Eurobond issuance amounts to USD 800,000,000 will be used to refinance the existing financial debts of the Company's subsidiaries. In this context, remaining USD 262,500,000 nominal value bonds issued for sale abroad by Zorlu Yenilenebilir Enerji A.Ş., the wholly-owned subsidiary of Zorlu Enerji, will be fully redeemed on October 23, 2024 using the proceeds from the new issuance. Remaining USD 537,500,000 amount will be used in closing of existing financial debts of Zorlu Enerji's other subsidiaries. The issued bonds will be redeemed in installments of USD 45,000,000 every six months starting from October 2027, with the remaining USD 575,000,000 to be redeemed at maturity. The bonds disclosed to the public through this material event disclosure represent the portion of the issuance with a total nominal amount of USD 800,000,000, tracked by the international securities identification number XS2926261426, which was sold exclusively to institutional investors residing outside the United States (Regulation S). The remaining portion represents the part sold to institutional investors in the United States (Rule 144A) and will be announced to the public through a separate material event disclosure. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.