Summary Info
CMB Approval for the Foreign Debt Instrument Issuance Ceiling of Our Subsidiary Gürmat Elektrik Üretim A.Ş.
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
25.07.2025
Issue Limit
500.000.000
Currency Unit
USD
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
05.08.2025
Capital Market Board Application Result
APPROVAL
Capital Market Board Approval Date
07.11.2025
Expiry Date of Issue Limit
07.11.2026
Additional Explanations
Pursuant to the resolution of the Board of Directors of our 90% subsidiary Gürmat Elektrik Üretim A.Ş., and in accordance with the provisions of the Capital Markets Board's Communiqué on Debt Instruments, the application submitted to the Capital Markets Board (CMB) regarding the issuance of debt instruments—up to a total amount of USD 500,000,000 (Five hundred million US Dollars) or its equivalent in foreign currency or Turkish Lira—to be sold abroad without being offered for sale domestically, in one or more issuances within a 1-year period, in various tranches and maturities to be determined based on market conditions at the time of issuance, secured or unsecured, and bearing fixed and/or variable interest rates and terms and conditions, has been approved by the Capital Markets Board with its decision dated 07.11.2025. We hereby present the approved issuance certificate to the public as attached. This statement was 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.
Supplementary Documents
Appendix: 1
Ek_1_Onayl__hraçBelgesi.pdf