Consequent to Capital Markets Board of Turkey’s 23 September 2021 dated 49/1401 numbered approval, on 7/12/2021 HSBC Bank A.Ş. will issue 300,000,000 TL nominal of discount bonds maturing on 9/3/2022 with 16.50% annual simple rate to corporate qualified investors in Turkey via HSBC Yatırım Menkul Değerler A.Ş.
The details of issuance is as follows:
Date of Booking: 06/12/2021
Issuance Date: 07/12/2021
Date of Maturity: 09/03/2022
Rate*: 16.50% Simple / 17.55% Compound
Price of Issuance: 96.007
Amount of Issuance **: 300,000,000 TL Nominal
Rating: Aa2.tr (LT National Scale Rating by Moody's, 10/11/2021)
*Rate can be updated according to market conditions.
* *Nominal Issue Size may change depending on the demand.