Consequent to Capital Markets Board of Turkey’s 24 September 2020 dated 60/1196 numbered approval, on 07/10/2020 HSBC Bank A.Ş. will issue 750,000,000* TL nominal of discount bonds maturing on 05/05/2021 with 15% annual simple rate to qualified investors in Turkey via HSBC Yatırım Menkul Değerler A.Ş.
The details of issuance is as follows:
Dates of Booking : 05.10.2020 – 06.10.2020
Issuance Date : 07.10.2020
Date of Maturity : 05.05.2021
Discount Price : 15% Simple / 15,47% Compound
Price of Issuance : 92.055
Amount of Issuance : 750,000,000 TL* Nominal
Rating : Baa2.Tr, NSR
*Borrowing amount may change upon local market demand.