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Additional Explanations
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As per our previous announcements regarding debt capital market instrument issuance, our Company plans to issue Eurobonds to qualified investors abroad, with a tenor of between 5 to 7 years, within the current issue ceiling approved by the Capital Markets Board of Turkey. The Eurobonds will be subject to 144A/RegS regulations. In this respect, starting from February 15, 2019, high level management of our Company will carry out investor meetings arranged by mandated banks, in London, Boston and New York. The final decision on the bond issuance, the issuance amount and conditions, will be determined according to market developments following these meetings. The Eurobonds are planned to be listed on the Euronext Dublin when the issuance is completed. The Eurobonds are expected to be rated "BB-" by S&P Global Ratings and "BB+" by Fitch Ratings. BofA Merrill Lynch, Citi, ING, MUFG and Société Générale have been mandated for the issuance.
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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.