Explanation on Subordinated Debt Securities to Qualified Investors
Explanation on Subordinated Debt Securities to Qualified Investors
It was announced with our Bank’s public disclosures stated in the reference that, our Bank’s Board of Directors has resolved the early redemption of the subordinated Debt Securities that meet the criteria for the inclusion in Tier 2 Capital in the nominal value of TRY 750,000,000 with a maturity of 3653 days with 3 months coupon payments indexed to BIST TLREF index and the relevant application has been initiated with the Banking Regulation and Supervision Agency (BRSA) to obtain the approval for the early redemption of such notes. The above-mentioned application has been approved by the BRSA, on 14.01.2025 and early redemption will be conducted on 14.02.2025.