Summary Info
CMB and BRSA Application regarding the foreign debt instrument issue limit (EMTN Programme)
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Authorized Member Decision Date
16.01.2025
Issue Limit
3.000.000.000
Currency Unit
USD
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Application Date
17.01.2025
Additional Explanations
By our Bank Board of Directors resolution dated 15.01.2025, in accordance with the applicable legislation, it is resolved to make one or multiple issuances of conventional debt instruments to be sold abroad without being subject to any domestic sale or offering in Turkey, under the EMTN (Euro Medium Term Note) Programme or to be separately issued out of the EMTN Programme, in various tranches and maturities to be determined according to the market conditions on the date of issuance with an aggregate value up to USD 3,000,000,000 (USD 3 billion) or its equivalent in a foreign currency or Turkish Lira with fixed and/or floating interest rates; up to USD 1,000,000,000 (USD 1 billion) (or its equivalent in a foreign currency or Turkish Lira) of the this conventional issuance limit to be used in the issuance of other capital market instruments in the form of bonds or debt instruments to be treated as our Bank's regulatory capital in accordance with the Regulation on Equities of Banks published in the Official Gazette dated 5 September 2013 and numbered 28756; within this scope, to authorize the Head Office to carry out all necessary applications to all relevant institutions, to fulfill other procedures related to the issuance, to carry out and complete all transactions.