Capital/Financing Update • Nov 1, 2024
Capital/Financing Update
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| Summary Info | Application to Capital Markets Board Regarding The Issuance of Subordinated Notes |
| Update Notification Flag | Yes |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Authorized Member Decision Date | 03.10.2024 |
| Issue Limit | 10.000.000.000 |
| Currency Unit | TRY |
| Issue Limit Security Type | Subordinated Debt Securities |
| Sale Type | Sale To Qualified Investor |
| Domestic / Oversea | Domestic |
| Capital Market Board Application Date | 01.11.2024 |
Additional Explanations
Reference: Public disclosure of Türkiye İş Bankası A.Ş. (İşbank) on 03.10.2024 With the related public disclosure, it was announced that Bank's Board of Directors has decided to issue TRY denominated debt instruments up to TRY 10 billion nominal domestically, that meet the criteria for the inclusion in Additional Tier 1 capital and Tier 2 capital in accordance with the relevant legislation in batches, with various terms, yields and amounts; and the Head Office has been authorized for the determination of all conditions and for making necessary applications to Banking Regulation and Supervision Agency and Capital Markets Board of Türkiye and executing all operations by other authorities regarding the debt issuances which will be available for qualified investors only. In accordance with the related resolution, the necessary application is made to Capital Markets Board by our Bank. 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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