Capital/Financing Update • Mar 15, 2024
Capital/Financing Update
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| Summary Info | Completion of Second Coupon Payment and Announcement of the Interest Rate for the Third Coupon Payment for the Commercial Paper with the ISIN Code of TRFVSTL62415 |
| Update Notification Flag | No |
| Correction Notification Flag | Yes |
| Postponed Notification Flag | No |
| Subject of Notification | Coupon Payment |
| Reason of Correction | No correction. |
| Board Decision Date | 23.06.2023 |
Related Issue Limit Info
| Currency Unit | TRY |
| Limit | 2.500.000.000 |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Sale To Qualified Investor |
| Domestic / Oversea | Domestic |
| Capital Market Board Approval Date | 24.08.2023 |
Capital Market Instrument To Be Issued Info
| Type | Bill |
| Maturity Date | 06.06.2024 |
| Maturity (Day) | 265 |
| Sale Type | Sale To Qualified Investor |
| Intended Nominal Amount | 300.000.000 |
| Intended Maximum Nominal Amount | 300.000.000 |
| The country where the issue takes place | Türkiye |
| Title Of Intermediary Brokerage House | AK YATIRIM MENKUL DEĞERLER A.Ş. |
| Central Securities Depository | Merkezi Kayıt Kuruluşu A.Ş. |
| Ending Date of Sale | 14.09.2023 |
| Nominal Value of Capital Market Instrument Sold | 300.000.000 |
| Maturity Starting Date | 15.09.2023 |
| Issue Price | 1 |
| Interest Rate Type | Floating Rate |
| Floating Rate Reference | TLREFK |
| Additional Return (%) | 5 |
| Traded in the Stock Exchange | Yes |
| Payment Type | TL Payment |
| ISIN Code | TRFVSTL62415 |
| Coupon Number | 3 |
| Currency Unit | TRY |
| Coupon Payment Frequency | Quarterly |
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Record Date | Payment Date | Interest Rate - Periodic (%) | Interest Rate - Yearly Simple (%) | Interest Rate - Yearly Compound (%) | Payment Amount | Exchange Rate | Was The Payment Made? |
| 1 | 15.12.2023 | 14.12.2023 | 15.12.2023 | 11,7179 | 47 | 56,05 | 35.153.700 | Yes | |
| 2 | 15.03.2024 | 14.03.2024 | 15.03.2024 | 11,7179 | 47 | 55,96 | 35.153.700 | Yes | |
| 3 | 06.06.2024 | 05.06.2024 | 06.06.2024 | 11,6773 | 51,352 | 62,5287 | 35.031.900 | ||
| Principal/Maturity Date Payment Amount | 06.06.2024 | 05.06.2024 | 06.06.2024 | 300.000.000 |
Rating
| Does the issuer have a rating note? | Yes |
Issuer Rating Note
| Rating Company | Rating Note | Rating Date | Is it Investment Grade? |
| JCR-Eurasia Rating | J1 (tr) / (Stabil Görünüm) | 29.11.2022 | Yes |
| Does the capital market instrument have a rating note? | No |
| Does the originator have a rating note? | No |
Additional Explanations
Completion of Second Coupon Payment and Announcement of the Interest Rate for the Third Coupon Payment for the Commercial Paper with the ISIN Code of TRFVSTL62415 The second coupon payment amounting to TL 35,153,700 on the TL 300,000,000 nominally valued commercial paper, which was sold to qualified investors on September 15, 2023 with a maturity of 265 days and trades with the ISIN Code of TRFVSTL62415, was made as of today. The interest rate for the third coupon payment has been set as 11.6773%. This statement was 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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