Announcement regarding issuance of subordinated notes
Announcement regarding issuance of subordinated notes
As of November 21, 2024, the book building process for the subordinated (Tier II) notes to be issued for sale to qualified investors outside of Türkiye is completed. The nominal value of the notes to be issued is USD 750,000,000, the applicable annual interest rate is 8.125% and the maturity of the notes will be 10 years with an early redemption option starting at the end of 5 years, with redemption date of 3 January 2035.
The notes are expected to be admitted to trade on the Irish Stock Exchange (Euronext Dublin).
The sale transaction is expected to be completed on December 3, 2024.