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Şekerbank keeps boosting its Capital Base

13.03.2020

As per our announcements to the Public Disclosure Platform (KAP) dated 2 March 2020, Şekerbank is planning to issue an additional Tier 1 note (Additional Tier 1 Capital) up to the amount of TRY 400.000.000.

 

The additional Tier 1 bond will have the following features:

 

-Will be issued to the qualified local investors without public offering,

-Will be in accordance with the conditions set forth by Banking Regulation and Supervision Agency, in the Regulation on Equities of Banks, Article 7., Paragraph 2 of Additional Tier I Capital,

-Without any specific maturity or a specific redemption date,

-With a fixed and/or variable interest rates, determined in line with the market conditions at the time of issuance.

 

The Board of Directors authorized the General Directorate with the Board Decision dated 28.02.2020 for the completion of the necessary applications to Banking Regulation and Supervision Agency, Capital Markets Board, Borsa İstanbul A.Ş. and other procedures.