Announcement regarding borrowing instruments issuances limit
Announcement regarding borrowing instruments issuances limit
Board of Directors resolved to issue mortgage covered bond for one or more issuances, with different series and maturities, and having fixed and/or floating interest rates to be determined at the issuance times in accordance with market conditions, to the extent that the relevant legislation allows, up to 5 Billion Turkish Liras to be sold without public offering, inside Turkey or to qualified investors or by private placement and application has been made to the Capital Markets Board on May 18, 2021 in line with the decisions with regard to issue mortgage covered bond for one or more issuances, with different series and maturities, and having fixed and/or floating interest rates to be determined at the issuance times in accordance with market conditions, to the extent that the relevant legislation allows, up to 3 Billion Turkish Liras to be sold without public offering, inside Turkey or to qualified investors or by private placement. It was announced in the weekly bulletin of the Capital Markets Board ("CMB") numbered 33/1027 that the above-mentioned application has been approved by the CMB.
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.