International bonds: Turkiye Finans, 5.375% 24apr2019, USD (XS1057852912)

Name: International bonds: Turkiye Finans, 5.375% 24apr2019, USD (XS1057852912)
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

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Sukuk

Status

Matured

Amount

500,000,000 USD

Placement

***

Redemption (put/call option)

*** (-)

ACI on

Country of risk

Turkey

Current profit share rate

Price

Yield / Duration

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Calculator

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Placement amount

500,000,000 USD
Outstanding amount

500,000,000 USD
Minimum Settlement Amount

200,000 USD
ISIN

XS1057852912
Common Code

105785291
CFI

DBFNFR
FIGI

BBG0063HDWG3
SEDOL

BLS0Y06
Ticker

TUFIKA 5.375 04/24/19

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Prospectus

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Stock exchange and OTC quotes

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Issue information

Profile

Turkiye Finans Katılım Bankası was founded following the merger of the companies Family Finans and Anadolu Finans. By Banking Regulation and Supervision Agency's Decision No. 1764 dated 28.12.2005, permission was granted for the merger of Anadolu Finans Kurumu, owned by Boydak Group, having leading companies in the furniture, home textile and cable sector, and Family Finans, owned by Ülker Group, the worldwide giant in biscuit, chocolate and various food products. Banking Regulation and Supervision Agency's Decision No. 1747 dated 30.12.2005 granted permission for the Bank to be renamed as Türkiye Finans Katılım Bankası A.Ş. On 30.12.2005, procedures of the merger by transfer were completed and the merger was registered by T.R. Trade Registrar of Istanbul in accordance with the provisions of Turkish Commercial Code No. 6762. As a result, the Boydak and Ülker Groups, two leading large groups in Turkey, voluntarily combined their companies Anadolu Finans and Family Finans, serving the finance sector, on 30 December 2005 under the name of Türkiye Finans Katılım Bankası to keep up with global economic conditions and to be much more serviceable to Turkey. 60% of the shares of Türkiye Finans, now serving over 1 million customers at 220 branches and with over 3,600 employees, was acquired on March 31, 2008 by The National Commercial Bank (NCB), the largest bank in Saudi Arabia and one of the leading banks in the Middle East. Further flourished by this great power combined with the Boydak and Ülker Groups under the new partnership, Türkiye Finans maintains its vision of becoming a leading participation bank.

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Borrower

Go to the issuer page
Turkiye Finans
Full borrower / issuer name

Turkiye Finans
Sector

Corporate
Industry

Banks

Volume

Placement amount

500,000,000 USD
Outstanding amount

500,000,000 USD

Face value

Minimum Settlement Amount

200,000 USD
Outstanding face value

*** USD
Increment

*** USD
Face value

1,000 USD

Listing

Listing

***

Cash flow parameters

Reference rate

***

Coupon Rate

***

Day count convention

***

Interest Accrual Date

***

Coupon frequency

*** time(s) per year
Payment currency

***
Maturity date

***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

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Early redemption terms

***

explore the most comprehensive database

800 000

bonds globally

Over 400

pricing sources

80 000

stocks

9 000

ETF

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Bond Search

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Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs

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Placement

Placement method

Open subscription
Placement type

Public
Placement

***
Bids

*** USD
Number of bids

***
Geographic breakdown

***
Investor breakdown

***
The purpose of placing

The issuance proceeds will be applied by the Issuer in the following manner: (i) no less fifty one per cent. (51%) of the proceeds will be used to purchase the Initial Asset Portfolio from T?rkiye Finans pursuant to the Initial Asset Portfolio Sale and Purchase Agreement; and (ii) no more than forty nine per cent. (49%) will be used to purchase Commodities from the Supplier, which will be subsequently sold to T?rkiye Finans pursuant to the Murabaha Contract entered into pursuant to the Murabaha Agreement.

Participants

Bookrunner

***, ***, ***, ***
Arranger Legal Adviser (Domestic law)

***
Arranger Legal Adviser (International law)

***
Issuer Legal Adviser (Domestic law)

***
Issuer Legal Adviser (International law)

***

Conversion and exchange

Conversion terms

***

Covenants

Change of Control
***
Collective Action Clause
***
Covenant Suspension/Fall-Away
***
Cross Default
***
Designation of Restricted and Unrestricted Subsidiaries
***
Events of Default
***
Financial Covenants
***
Limitation on Business Activities
***
Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
***
Limitation on Indebtedness
***
Limitation on Investments
***
Limitation on Liens
***
Limitation on Restricted Payments
***
Limitation on Sale of Assets
***
Limitation on Sale/Leaseback
***
Limitation on Subsidiary Debt
***
Limitation on layering (anti-layering)
***
Limitations on transactions with affiliates
***
Merger Restrictions
***
Others
***
Rating Trigger
***

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Additional information

Latest issues

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News

18/03/2024	Fitch Ratings upgrades LT Int. Scale (foreign curr.) credit rating of Turkiye Finans to "B" from "B-"; outlook positive
18/03/2024	Fitch Ratings upgrades LT Int. Scale (local curr.) credit rating of Turkiye Finans to "B+" from "B"; outlook positive
22/02/2024	Fitch Ratings affirms Turkiye Finans at "B-" (LT Int. Scale (foreign curr.) credit rating); outlook stable
22/02/2024	Fitch Ratings affirms Turkiye Finans at "B" (LT Int. Scale (local curr.) credit rating); outlook stable
21/02/2024	Fitch Affirms Turkiye Finans Katilim Bankasi A.S at 'B-'; Outlook Stable (Rating action commentary)

All organization news

Identifiers

ISIN

XS1057852912
CUSIP

***
CUSIP 144A

***
Common Code

105785291
CFI

DBFNFR
FIGI

BBG0063HDWG3
WKN

A1ZG0L
SEDOL

BLS0Y06
Ticker

TUFIKA 5.375 04/24/19
Type of security by CBR

***

Bond classification

Rank: Undefined
Registered
Coupon bonds
Sukuk
Amortization
Callable
CDO
Convertible
Dual currency bonds
Variable rate
For qualified investors (CIS region)
Foreign bonds
Green bonds
Guaranteed
Inflation-linked principal
Supranational bond issues
Inflation-linked coupon
Mortgage bonds
Perpetual
Payment-in-kind
Non-Marketable Securities
Redemption Linked
Restructuring
Retail bonds
Covered
Securitization
Structured product
Commercial Bonds
Subordinated
Trace-eligible

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Restructuring

***