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The latest issuance, executed by its wholly owned UK subsidiary, ����ş�𳦲��� UK PLC, adds to ����ş�𳦲���’s series of successful debt offerings driven by strong investor demand in international markets. The coupon rate for the issuance was set at 8.3750%.

Citigroup Global Markets Limited, BNP Paribas, J.P. Morgan Securities plc, and Emirates NBD Bank PJSC were mandated for this issuance. Credit ratings were affirmed at ����ş�𳦲���’s current levels, rated “B” by Fitch and “B2” by Moody’s.

Proceeds from the Eurobond will be used to refinance the remaining 372 million dollar-liability from 2026 Notes, as well as selected short-term financial obligations. This issuance enables ����ş�𳦲��� to diversify its funding sources used in liquidity management and extend the maturity profile its short-term financial liabilities, thereby shifting to a long term debt profile.

In his assessment regarding the issuance, ����ş�𳦲���’s CEO Can Yücel stated that the strong interest from international investors underscores confidence in ����ş�𳦲���’s robust global positioning and long-term strategy. Yücel said, “As ����ş�𳦲���, we are determined to and consistently maintain a strong, disciplined and reliable presence in international capital markets. This issuance is a concrete reflection of global investors’ confidence not only in our current financial performance, but also in our long-term strategic journey and sustainable growth vision. By extending our debt maturity, we enhance our resilience against various medium-to long-term risks, thereby increasing our financial and operational flexibility and significantly supporting our investment plans focused on value creation.”

Last year, ����ş�𳦲��� issued a total of 1.5 billion dollars in Eurobonds, consisting of 675 million dollars with 5-year and 825 million dollars with 8-year maturities, attracting nearly 5 billion dollars in demand, marking the largest corporate bond issue in the history of the Republic of Türkiye. This new issuance reaffirms ����ş�𳦲���’s credible standing in international capital markets.

Key Details of ����ş�𳦲���’s Eurobond Issuance:

• The 7-year fixed-rate bonds have a nominal value of 500 million dollars with a coupon rate set at 8.3750%.
• Total demand from international funding and financial institutions was 1.7 billion dollars.
• Investor meetings for the Eurobond issuance were held in London.

Meetings involved discussions with more than 60 investors.