Capital/Financing Update • Jul 10, 2025
Capital/Financing Update
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| Summary Info | About the Sustainable Eurobond Issuance |
| Update Notification Flag | Yes |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Subject of Notification | Completion of the Sale |
| Board Decision Date | 20.03.2025 |
Related Issue Limit Info
| Currency Unit | USD |
| Limit | 5.000.000.000 |
| Issue Limit Security Type | Green/Sustainability-Themed Capital Market Instruments |
| Sale Type | Oversea |
| Domestic / Oversea | Oversea |
| Capital Market Board Approval Date | 27.02.2025 |
Capital Market Instrument To Be Issued Info
| Type | Sustainable Bill |
| Maturity Date | 31.07.2030 |
| Maturity (Day) | 1.848 |
| Sale Type | Oversea |
| The country where the issue takes place | İrlanda |
| Is The Issued Capital Market Instrument Green/Sustainability-Themed? | Yes |
| Central Securities Depository | Euroclear |
| Ending Date of Sale | 09.07.2025 |
| Nominal Value of Capital Market Instrument Sold | 750.000.000 |
| Maturity Starting Date | 09.07.2025 |
| Issue Exchange Rate | 1 |
| Interest Rate Type | Fixed Rate |
| Traded in the Stock Exchange | No |
| Payment Type | Foreign Exchange Payment |
| ISIN Code | XS3108471197 |
| Coupon Number | 1 |
| Currency Unit | USD |
| Coupon Payment Frequency | Single Coupon |
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Was The Payment Made? |
| 1 | 31.07.2030 | |
| Principal/Maturity Date Payment Amount | 31.07.2030 |
Rating
| Does the issuer have a rating note? | Yes |
Issuer Rating Note
| Rating Company | Rating Note | Rating Date | Is it Investment Grade? |
| Fitch Ratings | AA (tur) | 17.09.2024 | Yes |
| Does the capital market instrument have a rating note? | Yes |
Capital Market Instrument Rating Note
| Rating Company | Rating Note | Rating Date | Is it Investment Grade? |
| Fitch Ratings | B+ | 01.07.2025 | No |
| Does the originator have a rating note? | No |
Additional Explanations
Reference: VakıfBank Public Disclosure Dated July 2, 2025 It was announced with the referred disclosure that CMB approved USD 750 million fixed rate sustainable eurobond with semi-annual interest payment, having a maturity on July 31st, 2030 with a term of 5 years, the yield and the coupon rate of which was set at 7.375% and 7.250%, respectively. Within this context, the total amount of USD 750 million was transferred to our bank accounts. According to the CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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