Summary Info
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Recent developments on the issuance of subordinated 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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|
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Currency Unit
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USD
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Limit
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7.000.000.000
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Issue Limit Security Type
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Debt Securities
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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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Bond
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Maturity Date
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17.01.2034
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Maturity (Day)
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3.653
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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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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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650.000.000
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Maturity Starting Date
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17.01.2024
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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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XS2741069996
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Coupon Number
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20
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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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|
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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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17.07.2024
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2
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17.01.2025
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3
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17.07.2025
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4
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19.01.2026
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5
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17.07.2026
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6
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18.01.2027
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7
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19.07.2027
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8
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17.01.2028
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9
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17.07.2028
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10
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17.01.2029
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11
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17.07.2029
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12
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17.01.2030
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13
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17.07.2030
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14
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17.01.2031
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15
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17.07.2031
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16
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19.01.2032
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17
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19.07.2032
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18
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17.01.2033
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19
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18.07.2033
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20
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17.01.2034
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Principal/Maturity Date Payment Amount
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17.01.2034
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|
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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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CCC+
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09.01.2024
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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 08.01.2024. In regards to our public disclosure in ref; book-building process regarding the issuance of fixed rate (interest payable semi-annually) subordinated notes (Tier 2) has been finalised at coupon rate of 9.25% with an amount USD 650 million, having a call option on 17 January 2029 and due 17 January 2034 (with a maturity of 10 year). The issuance is planned to be completed on 17 January 2024, 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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