On 26 March 2024, Yapı Kredi successfully priced US$ 500 million worth of perpetual Additional Tier 1 Notes deal with an annual coupon rate of 9.743% and semi-annual coupon payments. Abu Dhabi Commercial Bank, Bank of America, Citibank, Emirates NBD, Morgan Stanley and Standard Chartered acted as the Joint Lead Managers.
The first call option can be exercised from 4 April 2029, corresponding to the 5th year of issuance, until 4 July 2029. In case our Bank does not exercise the call option, there is a call option on every semiannual coupon payment date thereafter. The issuance is planned to be completed on 4 April 2024, following the receipt of necessary CMB approval.
Including the finalisation of this successful transaction, in the past seven months Yapı Kredi’s international market transactions reached to US$ 2 billion.
Istanbul, 27 March 2024
Inquiries: Yapı Kredi Investor Relations
Email: yapikredi_investorrelations@yapikredi.com.tr