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Additional Explanations
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Reference: VakıfBank Public Disclosure Dated March 30, 2018
It was announced with the referred disclosure that with the Bank's Board of Directors' decision dated March 29, 2018,for the issuance of bank bonds within the issuance ceiling of TL 3,000,000,000 in Turkish Lira currency with different maturities and an utmost maturity of 5 years in one or more issuances to be sold domestically as private placements to qualified investors without public issuance and in the case of issuance of all kind of structured borrowing instruments with coupons, with fixed rate or floating rate, based on various indicators (bond, stock, stock basket, stock market index, interest rate, credit risk, libor, foreign exchange, commodity, precious metal etc.), the Head Office were authorized to file required application and execute the other acts and transactions with the Banking Regulation and Supervision Agency, Capital Market Board and other applicable authorities. Accordingly, the applications to the Capital Market Board and Borsa Istanbul have been completed for the aforesaid issuance ceiling about structured borrowing instruments domestically.
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.