Turkiye Is Bankasi : Notification Regarding Issue of Capital Market Instrument
September 27, 2016 at 09:50 am EDT
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Reference: Public disclosure of Türkiye İş Bankası A.Ş. (İşbank) on 29.09.2015.
Within the framework of the Resolution of the Board of Directors of İşbank dated 29.09.2015 on the issuance of borrowing instruments, the Head Office started operations to issue bills with a nominal value of TL 600 million with a term of 151 days via public offering to determine the maturity, interest rate, principles of distribution and allocations related to this issuance, to complete the sales process and to put all the necessary procedures into effect, including the listing of the issuance on Borsa Istanbul. At the same time, bills with a nominal value of TL 600 million with a term of 249 days and bonds with a nominal value of TL 100 million with a term of 382 days will be issued. The amount might be increased to a nominal value of TL 1,95 billion, in the event that the demand for the public offering of bills and discount bonds exceeds the total public offering amount.
İşbank applied to the Capital Markets Board related to the aforementioned issuance.
Turkiye Is Bankasi AS published this content on 23 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 September 2016 13:50:04 UTC.
Original documenthttp://www.isbank.com.tr/EN/about-isbank/investor-relations/disclosures-to-bist/Pages/disclosures-to-bist.aspx?4DDCBC12-B456-4049-8BDA-FB3415CAE7E1idCol=3070
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Turkiye Is Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Corporate, Commercial, Retail and Private Banking, as well as Treasury/Investment Banking. Its Corporate and Commercial Banking segments provide services to large corporations, Small and Medium Enterprises (SMEs) and other trading companies, such as operating and investment loans, deposit and cash management, foreign trade transactions and financing, foreign currency trading and other banking services. Its Retail Banking services are comprised of individuals needs such as deposits, consumer loans, credit cards, foreign currency trading, insurance and other banking services. The Private Banking category is comprised of financial and cash management related services provided for individuals within the high-income segment. Treasury transactions are comprised of medium and long term funding tools. Its investments in associates and subsidiaries fall under Investment Banking.