Capital/Financing Update • Feb 18, 2025
Capital/Financing Update
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| Summary Info | CMB application for domestic debt instrument issuance |
| Update Notification Flag | Yes |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Authorized Member Decision Date | 25.09.2024 |
| Issue Limit | 12.000.000.000 |
| Currency Unit | TRY |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Private Placement-Sale To Qualified Investor |
| Domestic / Oversea | Domestic |
| Capital Market Board Application Date | 18.02.2025 |
Additional Explanations
On September 25th, 2024, pursuant to the authority granted by Article 7 of our Company's Articles of Association, the Board of Directors has decided to issue debt securities in accordance with the Capital Markets Board's Regulations on Debt Instruments, up to a total amount of 12 billion Turkish Liras, to be issued in various series and maturities, either privately placed and/or sold to qualified investors, and to be listed on the relevant market of Borsa Istanbul A.Ş. during a one-year period, subject to market conditions. This issuance will not lead to a public offering. The necessary permit application has been made to the Capital Markets Board within the scope of this decision today. In case of any discrepancies between the English translation and the Turkish explanation, the Turkish explanation shall prevail.
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