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International bonds: Bank Asya, 7.5% 28mar2023, USD (XS0907295942)

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Guaranteed, Variable rate, Sukuk, Subordinated Unsecured

Status
Redemption default
Amount
250,000,000 USD
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
Turkey
Current profit share rate
-
Price
-
Yield / Duration
-
Reports of guarantors / borrowers / offerers
Guarantor Bank Asya
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    250,000,000 USD
  • Outstanding amount
    250,000,000 USD
  • Minimum Settlement Amount
    200,000 USD
  • ISIN
    XS0907295942
  • Common Code
    090729594
  • CFI
    DBZNFR
  • FIGI
    BBG0047BQLQ6
  • SEDOL
    B94WW97
  • Ticker
    ASYAKA 0 03/28/23

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Quotes from market participants are indicative

Stock exchange and OTC quotes

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Issue information

Profile
On 22 July 2016, the Banking Regulation and Supervision Agency (BDDK) cancelled Bank Asya's banking permissions as part of the 2016 purges. Bank Asya was established in October 24, 1996 with its head office in Istanbul, as ...
On 22 July 2016, the Banking Regulation and Supervision Agency (BDDK) cancelled Bank Asya's banking permissions as part of the 2016 purges. Bank Asya was established in October 24, 1996 with its head office in Istanbul, as the sixth private finance house of Turkey. The company's name, which had been previously "Asya Finans Kurumu Anonim Şirketi" (Asya Finance Incorporated Company), was changed into "Asya Katilim Bankasi Anonim Şirketi" (Asya Participation Bank Inc.) on December 20, 2005. Bank Asya, with an initial capital of TRY2 million and current paid up capital of TRY900 million, has a multi-partnered structure based on domestic capital. At the end of 2009, Bank Asya’s total assets reached TRY14 billion. Bank Asya rose by 47 places in the “Top 1000 World Bank Ranking” of “The Banker” Magazine in 2010, rising to 473 from 520. At the same time, Bank Asya ranked 403rd on “The Banker’s Top 500 Banking Brands”. Bank Asya has also become the largest participation bank in Turkey.[citation needed]
  • Borrower
    Go to the issuer page
    Bank Asya
  • Full borrower / issuer name
    Bank Asya
  • Sector
    Corporate
  • Industry
    Banks
  • SPV / Issuer
Volume
  • Placement amount
    250,000,000 USD
  • Outstanding amount
    250,000,000 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

  • Variable rate type
    Fix to Float
  • 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

Early redemption terms

***

Debt Servicing

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Initial issue price (yield)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    The net proceeds of the issue of the Certificates will be applied by the Issuer and the Trustee on the Closing Date as follows: (a) not less than 51 per cent. towards the purchase from Bank Asya of the Asset Portfolio; and (b) not more than 49 per cent. towards the purchase from a commodity broker of the Commodities (which will be immediately sold to Bank Asya on immediate delivery but deferred payment terms at the Deferred Payment Price).
Participants
  • Bookrunner
    ***, ***, ***, ***

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

Identifiers

  • ISIN
    XS0907295942
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • Common Code
    090729594
  • CFI
    DBZNFR
  • FIGI
    BBG0047BQLQ6
  • WKN
    A1HH0B
  • SEDOL
    B94WW97
  • Ticker
    ASYAKA 0 03/28/23
  • Type of security by CBR
    ***

Bond classification

  • Subordinated Unsecured
  • Registered
  • Coupon bonds
  • Variable rate
  • Guaranteed
  • Subordinated
  • Sukuk
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • 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
  • Trace-eligible

Restructuring

***

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