Related Companies
|
[]
|
||||||||
Related Funds
|
[]
|
||||||||
English
|
|||||||||
|
|||||||||
oda_NotificationAboutNewsOrRumoursAbstract|
|
|
||||||||
oda_UpdateAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
-
|
|||||||
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_AnnouncementContentSection|
|
|
||||||||
oda_ExplanationSection|
|
|
||||||||
oda_ExplanationTextBlock|
|
It has been seen in the media that some news has been published about the Additional Tier 1 issuance of our Bank. In our public disclosure dated April 26, 2018; Our Board of Directors has decided that, to be issued in compliance with the conditions in Article 7 of the Equity Regulation, entitled "Additional Tier 1 Capital", in an amount up to a total amount of USD 1,000,000,000 (USD one billion) or equivalent foreign currencies or Turkish Lira, under the on-going MTN (Medium Term Note) Programme of our Bank, in various tranches, and fixed and/or floating interest rates to be determined according to the market conditions on the issuing date; Citigroup Global Markets Limited ("Citi"), BofA Merrill Lynch ("BofaML") and UniCredit Corporate & Investment Banking ("UniCredit CIB") have been appointed as global coordinators and book runners for the planned AT1 Issuance and i J.P. Morgan Securities PLC and Société Générale SA as additional book runners by our Bank. Following the cash capital increase successfully completed in June 2018 within the framework of the Bank's plan to strengthen the capital position announced to the public, the opportunities for Additional Tier 1 issuance in US dollars are being investigated, which may include the participation of third party investors as well as the possible participation of the controlling shareholders.The timing, amount and main shareholder participation rates of the issuance are not clarified at this stage and will be determined according to market conditions. In this context, although it is not required to make a public disclosure according to the Capital Markets Board of Turkey's Communique on Material Events Disclosure No : II-15.1, this disclosure is being made upon the questions of some of our investors. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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.