Turkey’s Yapi Kredi calls $650 million perpetual tier 1 notes at par

By Marisa Wong

Los Angeles, Dec. 15 – Yapi ve Kredi Bankasi AS (Yapi Kredi) issued a notice of optional redemption for its $650 million perpetual fixed-rate resettable additional tier 1 notes (ISIN: XS1867595750, US984848AL55).

The issuer will redeem the outstanding bonds in full on Jan. 15 at par plus accrued interest to but excluding the redemption date.

Further information may be obtained from the issuer (yapikredi_investorrelations@yapikredi.com.tr).

Bank of New York Mellon, London Branch (corpsov2@bnymellon.com) is the fiscal agent.

Yapi Kredi is a lender based in Istanbul.

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