Eurobond Transaction of US$500 million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, TURKEY OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
On 8 February 2012, Yapı Kredi successfully finalised a bond issuance of US$ 500 million 5 year fixed rate notes lead managed by J.P. Morgan Securities Ltd., Standard Chartered Bank and UniCredit Bank AG.
Following a comprehensive non-deal fixed income roadshow covering key accounts in London, Zurich, Geneva, Boston, New York and Los Angeles in December 2011, Yapı Kredi differentiated in the market by finalising the first senior unsecured bond offering from a private Turkish bank since May 2011. The trasaction also represents the first issue of 2012 by a private bank in Central and Eastern Europe.
The bond issuance, which has a maturity date of 8 February 2017, received strong interest and was approximately 2.8x subscribed with the participation of 145 accounts from 22 countries, allowing it to be priced at the tight end of price guidance, with a coupon rate of 6.750%. The interest on the notes will be paid semi-annually with the principal payment due at maturity.
The offering is rated Ba1 by Moody’s and BBB- by Fitch. Yapı Kredi intends to use the proceeds from this offering for general corporate purposes.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations there under. There is no intention to register any portion of the offering in the United States of America or to conduct a public offering of securities in the United States of America. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Securities. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Japan, Australia, Turkey or any other jurisdiction where to do so would be unlawful.
In connection with the sale of securities referred to herein, one or more parties named as the stabilising manager(s) (or persons acting on behalf of any stabilising manager(s)) may over‑allot securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the stabilising manager(s) (or persons acting on behalf of any stabilising manager(s)) will undertake stabilisation action. Any stabilisation action may begin on or after the date on which adequate public disclosure of the terms of the offer of the securities is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the securities and 60 days after the date of the allotment of the securities. Any stabilisation action or over‑allotment must be conducted by the relevant stabilising manager(s) (or person(s) acting on behalf of any stabilising manager(s)) in accordance with all applicable laws and rules.
This communication does not constitute an offer of securities to the public in Turkey.
Istanbul, 08 February 2012
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 08 Feb 2012