Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

COCA-COLA İÇECEK A.Ş. Capital/Financing Update 2017

Jul 27, 2017

5900_rns_2017-07-27_5fcd3597-ca6f-40c2-a62a-d88b6cbe9a97.html

Capital/Financing Update

Open in viewer

Opens in your device viewer

Summary Info Board Resolution regarding Debt Instrument Issuance and CMB Application
Update Notification Flag No
Correction Notification Flag No
Postponed Notification Flag No
Authorized Member Decision Date 26.07.2017
Issue Limit 1.000.000.000
Currency Unit USD
Issue Limit Security Type Dept Securities
Sale Type Oversea
Domestic / Oversea Oversea
Capital Market Board Application Date 26.07.2017

Additional Explanations

The renewal of the disclosure made on July 26, 2017, using the relevant template.

Our Company has been evaluating various long-term debt instruments to refinance its existing bonds maturing in 2018, as well as to finance new borrowing needs.

In this context, Coca-Cola İçecek A.Ş. Board of Directors has authorized management, by resolution dated July 26, 2017, to take the necessary actions including the application to the Capital Markets Board of Turkey ("CMB") to issue bonds abroad within a period of 1 year from the date of approval of Capital Markets Board, up to an amount of USD 1,000,000,000 or equivalent of the same, in foreign currency or Turkish Lira, with varying maturities and tranches, with terms and conditions to be determined in accordance with market conditions as at the date of issuance.

Accordingly, a mandate letter has been signed with Citibank International plc., HSBC Bank plc., J.P. Morgan Securities plc., MUFG Securities EMEA plc. and BNP Paribas for the purpose of issuance of such bonds.

In addition, today, an application has been filed with the Capital Markets Board pursuant to Capital Markets Law numbered 6362 and the Communique with Series: VII, Number: 128.8, for the approval of the issuance and the sales of these bonds.

This is an English translation of the original official public disclosure made by Coca-Cola İçecek in Turkish through the Public Disclosure Platform (http://www.kap.gov.tr), for information purposes only. In the event of any discrepancy between this translation and the original Turkish disclosure, the original Turkish disclosure shall prevail. Coca-Cola İçecek makes no warranties or representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.