Capital/Financing Update • Jan 22, 2024
Capital/Financing Update
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| Summary Info | Completion of Domestic Debt Instrument Sale and Conversion Price |
| Update Notification Flag | No |
| Correction Notification Flag | No |
| Postponed Notification Flag | No |
| Subject of Notification | Completion of the Sale |
| Board Decision Date | 08.06.2023 |
Related Issue Limit Info
| Currency Unit | TRY |
| Limit | 3.547.703.506 |
| Issue Limit Security Type | Debt Securities |
| Sale Type | Private Placement |
| Domestic / Oversea | Domestic |
| Capital Market Board Approval Date | 17.01.2024 |
Capital Market Instrument To Be Issued Info
| Type | Convertible Bond |
| Maturity Date | 22.01.2029 |
| Maturity (Day) | 1.825 |
| Sale Type | Private Placement |
| Intended Nominal Amount | 3.547.703.506 |
| Intended Maximum Nominal Amount | 3.547.703.506 |
| The country where the issue takes place | Türkiye |
| Title Of Intermediary Brokerage House | TEB YATIRIM MENKUL DEĞERLER A.Ş. |
| Central Securities Depository | Merkezi Kayıt Kuruluşu A.Ş. |
| Starting Date of Sale | 22.01.2024 |
| Ending Date of Sale | 22.01.2024 |
| Nominal Value of Capital Market Instrument Sold | 3.547.703.506 |
| Maturity Starting Date | 22.01.2024 |
| Issue Price | 1 |
| Interest Rate Type | Floating Rate |
| Floating Rate Reference | TLREF |
| Additional Return | 0 |
| Traded in the Stock Exchange | No |
| Payment Type | TL Payment |
| ISIN Code | TRSSASAA9914 |
| Coupon Number | 5 |
| Currency Unit | TRY |
| Coupon Payment Frequency | Annually |
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 | 22.01.2025 | 21.01.2025 | 22.01.2025 | ||||||
| 2 | 22.01.2026 | 21.01.2026 | 22.01.2026 | ||||||
| 3 | 22.01.2027 | 21.01.2027 | 22.01.2027 | ||||||
| 4 | 21.01.2028 | 20.01.2028 | 21.01.2028 | ||||||
| 5 | 22.01.2029 | 19.01.2029 | 22.01.2029 | ||||||
| Principal/Maturity Date Payment Amount | 22.01.2029 | 19.01.2029 | 22.01.2029 |
Rating
| Does the issuer have a rating note? | Yes |
Issuer Rating Note
| Rating Company | Rating Note | Rating Date | Is it Investment Grade? |
| JCR Avrasya Derecelendirme A.Ş. | A+ (tr) (Stabil Görünüm) | 28.07.2023 | Yes |
| Does the capital market instrument have a rating note? | No |
| Does the originator have a rating note? | No |
Other Developments Regarding Issue
The issue and sale of TRY denominated contingent convertible debt instrument to be sold only to Erdemoğlu Holding A.Ş. as a private placement without public offering has been completed on 22.01.2024 with an aggregate principal amount of TRY 3,547,703,506, and with the closing/settlement date being 22.01.2024. The press release regarding the sales result is attached. NOTE: The debt instrument issued has no maturity. Due to technical problems, a maturity of 5 years has been entered above.
Additional Explanations
The Conversion Price corresponding to 1 lot (TL 1 nominal) share traded on Borsa Istanbul (BIST), and the Conversion Ratio per TRY 100.000 principal amount of the debt instruments, are as follows: Conversion Price : TRY 53.00 Conversion Ratio : 1,886.792453 lot In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no 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.
Supplementary Documents
| Appendix: 1 | Onaylı İhraç Belgesi ve Eki.pdf |
| Appendix: 2 | Başvuru Formu.pdf |
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