TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Jun 27, 2024

Summary Info	Announcement regarding the issuance of subordinated bond (Tier 2) abroad
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Book-Building

Board Decision Date	13.06.2024

Related Issue Limit Info

Currency Unit	USD
Limit	5.000.000.000
Issue Limit Security Type	Subordinated Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	29.02.2024

Capital Market Instrument To Be Issued Info

Type	Subordinated Debt Securities
Maturity Date	05.10.2034
Maturity (Day)	3.744
Sale Type	Oversea
Central Securities Depository	Euroclear/Clearstream, DTC
Nominal Value of Capital Market Instrument Sold	700.000.000
Maturity Starting Date	05.07.2024
Interest Rate Type	Fixed Rate
Payment Type	Foreign Exchange Payment
ISIN Code	XS2850573374

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Rating	B+(tur) - Uzun Vadeli İhraçcı Derecelendirme Notu	15.03.2024	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 Rating	CCC+ (Yabancı Para Katkı Sermayeye Dâhil Edilebilir Borçlanma Aracı Kredi Notu)	26.06.2024	No

Does the originator have a rating note?	No

Additional Explanations

Reference: VakıfBank Public Disclosure Dated June 26, 2024 It was announced with the referred disclosure that the Bank had authorized a consortium of international banks and that the issuance of USD denominated subordinated bonds that can be included in the Tier 2 capital calculation would be evaluated. The process of collecting demand from international bond investors for the aforementioned Tier 2 subordinated notes issuance has been completed. The subordinated bond with a nominal amount of USD 700 million and a maturity date of October 5, 2034, with a call option on October 5, 2029, a fixed interest rate, a 10-year term, and semi-annual interest payments, has been set with a coupon rate of 9.00%. 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.