Announcement regarding borrowing instruments issuances limit
Announcement regarding borrowing instruments issuances limit
It was announced with our Bank’s public disclosure dated 21/06/2023 that, on its meeting held on March 30, 2023, 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 to qualified investors and application has been made to the Capital Markets Board on November 15, 2023 in line with the aforementioned resolution 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 to qualified investors. It was announced in the weekly bulletin of the Capital Markets Board ("CMB") numbered 70/1551 that the above-mentioned application has been approved by the CMB.
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