Reference: Public disclosure of Türkiye İş Bankası A.Ş. (İşbank) on 22.08.2016.
Within the framework of the Resolution of the Board of Directors
of İşbank dated 22.08.2016 on the issuance of borrowing instruments, the
Head Office started operations to issue bills with a nominal value of
TL 150 million with a term of 214 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 250 million with a term of 151 days will be issued. The amount
might be increased to a nominal value of TL 600 million, in the event
that the demand for the public offering of bills exceeds the total
public offering amount.
İşbank applied to the Capital Markets Board related to the aforementioned issuance.