Establishment of the Covered Bond Programme
Establishment of the Covered Bond Programme
The Board of Directors has authorized the Head Office to take the necessary actions to arrange and sign the documents with regards to mortgage covered bond issuance in one or more tranches, with different series and maturities, and having fixed and/or floating interest rates to be determined at the issuance dates in accordance with market conditions, to the extent that the relevant legislation allows, up to EUR 5 billion in total or equivalent in any other currency including Turkish Lira, to be sold without public offering outside Turkey.
In this regard, as of May 15th, 2015; Mortgage Covered Bond Programme in the amount of EUR 5,000,000,000 has been established in order to make issuances in any currency with different series and maturities.