Commentary & Deal Flow

Reoffer: 5yr: 7.250% / 100

Final Books: Over US$900m (incl. $10m JLM)

Launched: 5yr: US$300m @ 7.250% - Orderbooks over US$900m (incl. $10m JLM)
IPTs: 5yr: 7.625% area

• Issuer: Türkiye Sınai Kalkınma Bankası A.Ş. (“TSKB”)
• LEI: 549300MFCXK5HOOEWP84
• Issuer Rating (Moody’s/Fitch): Ba3 (Stable) / BB- (Stable)
• Exp. Issue Ratings (Moody’s): Ba3
• Ranking: Senior Unsecured
• Format: 144A / Reg S
• Tenor: 5 years
• Currency: US$
• Size: US$300m
• Pricing Date: 29-Jun-26
• Settlement Date: 07-Jul-26 (T+5)
• Maturity Date: 07-Jul-31
• Reoffer yield: 7.250%
• Coupon: 7.25%
• Issue Price: 100.00%
• Coupon: Fixed, Semi-Annual, Day count 30/360
• Denominations: US$200k x US$1k
• Law: English
• Listing: Euronext Dublin (Official List)
• Use of proceeds: General corporate purposes
• Clearing: Euroclear, Clearstream and DTC
• Joint Global Coordinators: BNP Paribas, Citigroup (B&D), ING, Standard Chartered Bank
• Joint Bookrunners: Bank ABC, BBVA, BNP Paribas, Citigroup, ING, J.P. Morgan, Morgan Stanley, SMBC, Standard Chartered Bank
• Timing: TOE: 17:42 UKT / FTT: 8:00 AM UKT on 30-Jun-26
• ISIN: Reg S: XS3429167243 / 144A: US90015YAJ82
• Documentation: US$2 billion Global Medium Term Note Programme with Base Prospectus dated 28-Apr-26, as supplemented on 08-Jun-26
• Stabilisation: FCA / ICMA
• Selling Restrictions: As per the Base Prospectus