Capital/Financing Update • Mar 8, 2024
Capital/Financing Update
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| Summary Info | Board Resolution and CMB Application Regarding Bond Issue |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | Yes |
| Authorized Member Decision Date | 09.08.2023 |
| Issue Limit | 500.000.000 |
| Currency Unit | USD |
| Issue Limit Security Type | Green/Sustainability-Themed Capital Market Instruments |
| Sale Type | Oversea |
| Domestic / Oversea | Oversea |
| Capital Market Board Application Date | 08.03.2024 |
Additional Explanations
Our Company's Board of Directors resolved in accordance with Clause 7 of Articles of Association of our Company and paragraph 3 of Clause 31 of Capital Markets Law that, Subject to completion of all the necessary procedures in accordance with the relevant legislation, and in particular the legislation of the Capital Markets Board (CMB), one or more foreign currency and / or Turkish Lira denominated debt capital market instruments, including Green and Sustainable Debt Instruments, shall be issued overseas without being offered to the public within one year from the approval of the CMB, up to a total amount of USD 500 Million or its equivalent (including the equivalent of USD 500 Million). Within this resolution scope, necessary approval application has been made to the Capital Market Board today. Pursuant to Article 6 of the CMB's II-15.1 Special Cases Communiqué, in order to protect the legitimate interests of our company and our investors, the disclosure of insider information regarding the issuance of securities mentioned in this statement had been postponed until the preparations on the issuance as well as the assessment of the type of securities to be issued are completed, taking into account the fluctuations in market conditions. This statement is made within the scope of the relevant legislation as the reasons for postponement are eliminated.
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