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VakıfBank issued a Diversified Payment Rights (DPR) securitization transaction totaling over USD 700 million, consisting of 2 tranches amounting EUR 350 million and USD 330 million. The aforementioned transaction is the largest outright DPR securitization transaction amount among Turkish banks.
The transaction under DPR programme consisting of 2 tranches in EUR and USD denominated, has a final maturity of 5 years with a minimum 2-year grace period in 6 different transactions with the participation of 6 diferent international investors.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.