Capital/Financing Update • Nov 21, 2024
Capital/Financing Update
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| Summary Info | Authorization to the Head Office for the Issuance of Covered Bonds Abroad |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Authorized Member Decision Date | 20.11.2024 |
| Issue Limit | 500.000.000 |
| Currency Unit | EUR |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Oversea |
| Domestic / Oversea | Oversea |
Additional Explanations
As per the resolution of our İşbank's Board of Directors, the Head Office has been authorized to take the necessary actions with regard to the issuance of covered bonds by İşbank outside of Türkiye, with different series and maturities, having fixed and/or floating interest rates to be determined at the respective issuance dates in accordance with the market conditions, and up to a total amount of EUR 500 million or its equivalent in any other currency including Turkish Lira. In this respect, İşbank will be making an application to Capital Markets Board and other regulatory authorities for the annual renewal of the authorisation. This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.
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