Summary Info
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Recent developments on the issuance of sustainable eurobond abroad
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Update Notification Flag
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No
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Correction Notification Flag
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No
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Postponed Notification Flag
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No
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Subject of Notification
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Other
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Board Decision Date
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21.12.2022
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Currency Unit
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USD
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Limit
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3.000.000.000
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Issue Limit Security Type
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Green/Sustainability-Themed Capital Market Instruments
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Sale Type
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Oversea
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Domestic / Oversea
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Oversea
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Capital Market Board Approval Date
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27.04.2023
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Capital Market Instrument To Be Issued Info
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Type
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Sustainable Bond
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Maturity Date
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16.10.2028
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Maturity (Day)
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1.860
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Sale Type
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Oversea
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The country where the issue takes place
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İngiltere
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Is The Issued Capital Market Instrument Green/Sustainability-Themed?
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Yes
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Central Securities Depository
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Euroclear&Clearstream/The Depository Trust Company
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Nominal Value of Capital Market Instrument Sold
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500.000.000
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Maturity Starting Date
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13.09.2023
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Issue Exchange Rate
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1
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Interest Rate Type
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Fixed Rate
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Traded in the Stock Exchange
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Yes
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Payment Type
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Foreign Exchange Payment
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ISIN Code
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XS2445343689
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Coupon Number
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10
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Currency Unit
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USD
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Coupon Payment Frequency
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Once Every Six Months
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Redemption Plan of Capital Market Instrument Sold |
Coupon Number
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Payment Date
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Was The Payment Made?
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1
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16.04.2024
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2
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16.10.2024
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3
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16.04.2025
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4
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16.10.2025
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5
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16.04.2026
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6
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16.10.2026
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7
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16.04.2027
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8
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18.10.2027
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9
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17.04.2028
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10
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16.10.2028
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Principal/Maturity Date Payment Amount
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16.10.2028
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Does the issuer have a rating note?
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Yes
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Issuer Rating Note |
Rating Company
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Rating Note
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Rating Date
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Is it Investment Grade?
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Fitch Ratings
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A+(tur) - Ulusal Uzun Vadeli Notu (National Long Term)
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26.07.2022
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Yes
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Does the capital market instrument have a rating note?
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Yes
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Capital Market Instrument Rating Note |
Rating Company
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Rating Note
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Rating Date
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Is it Investment Grade?
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Fitch Ratings
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B-
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06.09.2023
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No
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Does the originator have a rating note?
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No
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Ref: Our public disclosure dated 05.09.2023. Our bank will issue a USD denominated Sustainable Eurobond abroad, with a nominal amount of 500 million USD, redemption date of 16 October 2028, maturity of 5 years and 1 month, fixed interest and semi-annual coupon payments with a yield of 9.375% and a coupon rate of 9.25%. The issuance is planned to be completed on 13 September 2023, following the receipt of the Issuance Certificate from the CMB. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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