Capital/Financing Update • Feb 27, 2025
Capital/Financing Update
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| Summary Info | Board of Directors Resolution Regarding the Issuance |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Authorized Member Decision Date | 27.02.2025 |
| Issue Limit | 750.000.000 |
| Currency Unit | USD |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Oversea |
| Domestic / Oversea | Oversea |
Additional Explanations
As per the Capital Markets Law No. 6362 and applicable law and Article 28 of the Company Articles of Association, our Board of Directors resolved on February 25, 2025, on the issuance of debt securities and making necessary applications to Capital Markets Board, Central Registry Agency and other regulatory authorities, for up to USD 750,000,000.00-(seven hundred fifty million USD) or equivalent amount in Turkish lira or other currencies, with fixed or variable interest, in various tenors or maturities to be determined in accordance with the market conditions as at the issuance dates. The securities are to be sold outside of Turkey, the considerations as to the appointment of the foreign underwriters appointment has been started. In this respect, we mandated Goldman Sachs International, Citigroup Global Markets Limited and Morgan Stanley & Co. International plc for the purpose of offering the bonds to qualified investors outside of Turkey within the format of "Rule 144A" and/or "Regulation S". This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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