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COCA-COLA İÇECEK A.Ş. — Capital/Financing Update 2022
Jan 14, 2022
5900_rns_2022-01-14_6f5ccc7a-88ab-42c5-babb-bb5d4a0821d0.html
Capital/Financing Update
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| Summary Info | Developments on Eurobond Issuance - Pricing |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Board Decision Date | 07.12.2021 |
Related Issue Limit Info
| Currency Unit | USD |
| Limit | 750.000.000 |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Oversea |
| Domestic / Oversea | Oversea |
Capital Market Instrument To Be Issued Info
| Type | Bond |
| Maturity Date | 20.01.2029 |
| Maturity (Day) | 2.520 |
| Interest Rate Type | Fixed Rate |
| Coupon Number | 14 |
| Currency Unit | USD |
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Was The Payment Made? |
| 1 | 20.07.2022 | |
| 2 | 20.01.2023 | |
| 3 | 20.07.2023 | |
| 4 | 20.01.2024 | |
| 5 | 20.07.2024 | |
| 6 | 20.01.2025 | |
| 7 | 20.07.2025 | |
| 8 | 20.01.2026 | |
| 9 | 20.07.2026 | |
| 10 | 20.01.2027 | |
| 11 | 20.07.2027 | |
| 12 | 20.01.2028 | |
| 13 | 20.07.2028 | |
| 14 | 20.01.2029 | |
| Principal/Maturity Date Payment Amount | 20.01.2029 |
Redemption By Instalments Info
| Instalment Number | 14 |
| Currency Unit | USD |
Redemption Plan By Instalments
| Instalment No | Payment Date | Record Date | Payment Date | Rate of Redemption By Instalments | Payment Amount | Exchange Rate | Was The Payment Made? |
| 1 | 20.07.2022 | 19.07.2022 | 20.07.2022 | 4,5 | 22.500.000 | ||
| 2 | 20.01.2023 | 19.01.2023 | 20.01.2023 | 4,5 | 22.500.000 | ||
| 3 | 20.07.2023 | 19.07.2023 | 20.07.2023 | 4,5 | 22.500.000 | ||
| 4 | 20.01.2024 | 19.01.2024 | 22.01.2024 | 4,5 | 22.500.000 | ||
| 5 | 20.07.2024 | 19.07.2024 | 22.07.2024 | 4,5 | 22.500.000 | ||
| 6 | 20.01.2025 | 17.01.2025 | 20.01.2025 | 4,5 | 22.500.000 | ||
| 7 | 20.07.2025 | 18.07.2025 | 21.07.2025 | 4,5 | 22.500.000 | ||
| 8 | 20.01.2026 | 19.01.2026 | 20.01.2026 | 4,5 | 22.500.000 | ||
| 9 | 20.07.2026 | 17.07.2026 | 20.07.2026 | 4,5 | 22.500.000 | ||
| 10 | 20.01.2027 | 19.01.2027 | 20.01.2027 | 4,5 | 22.500.000 | ||
| 11 | 20.07.2027 | 19.07.2027 | 20.07.2027 | 4,5 | 22.500.000 | ||
| 12 | 20.01.2028 | 19.01.2028 | 20.01.2028 | 4,5 | 22.500.000 | ||
| 13 | 20.07.2028 | 19.07.2028 | 20.07.2028 | 4,5 | 22.500.000 | ||
| 14 | 20.01.2029 | 19.01.2029 | 22.01.2029 | 4,5 | 22.500.000 | ||
| Principal/Maturity Date Payment Amount | 20.01.2029 | 19.01.2029 | 22.01.2029 | 500.000.000 |
Additional Explanations
As previously announced, Coca-Cola İçecek A.Ş. (CCI) mandated HSBC Bank Plc., J.P. Morgan Securities Plc., Bank of America Merrill Lynch International and MUFG Securities EMEA Plc. to arrange a series of investor meetings with the participation of senior management, starting on 10 January 2022. The objective of these meetings was the issuance of the Debt Instruments abroad, planned to be sold under Rule 144A and Regulation S. The book building process of the Debt Instruments issue has now been completed. US$500 million 7-year fixed rate notes with a maturity date of January 20, 2029 will be issued with a coupon rate of 4.50% and yield of 4.75%. The notes are expected to be issued on January 20, 2022 following the approval of CMB of the tranche issuance certificate, execution of definitive documentation and subject to other customary conditions. Any further developments will be disclosed.