Turkiye Petrol Rafinerileri : Notification Regarding Issue Limit
December 11, 2018 at 11:10 am EST
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KAMUYU AYDINLATMA PLATFORMU
TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.
Notification Regarding Issue Limit
Notification Regarding Issue Limit
Summary Info
Resolution on domestic debt securities issuance and CMB application.
Correction Notification Flag
No
Authorized Member Decision Date
11.12.2018
Currency Unit
TRY
Sale Type
Sale To Qualified Investor
Capital Market Board Application Date
11.12.2018
Update Notification Flag
No
Postponed Notification Flag
No
Issue Limit
1.000.000.000
Issue Limit Security Type
Dept Securities
Domestic / Oversea
Domestic
Additional Explanations
In accordance with the authorization given by article 8 of the Company's Articles of Association and with the provisions of the Capital Markets Board's Communiqué on Debt Securities, our Board of Directors have decided on issuance of bonds or bills for a total amount up to TRY 1,000,000,000 denominated in Turkish Lira issuing within 1 year period and with various maturities up to 5 (five) years, to be sold to domestic qualified investors without public offering, one or more at a time, in this scope to make an application to the Capital Markets Board for the approval of the issuance certificate; if the application is approved, it is decided to give authorization to the company management in order to determine all conditions within the scope of these restrictions to be realized within one year as of the approval date, to make all the necessary applications to the relevant authorities for the arrangement of the contracts and to perform all necessary operations.
Within this resolution scope, necessary approval application has been made to the Capital Markets Board today.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.
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TUPRAS - Turkiye Petrol Rafinerileri AS published this content on 11 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 December 2018 16:09:09 UTC
Turkiye Petrol Rafinerileri AS is a Turkey-based company that is engaged, together with its subsidiaries, in the refining of crude oil and petroleum products. Its refineries produce a full range of refined petroleum products, including diesel, fuel oils, jet fuel, gasoline and asphalt. The Group also imports and sells petroleum products and engages in the distribution, retailing and marine transportation of crude oil and refined products. It is mainly engaged in the following fields: to provide and refine crude oil, to import and export petroleum products, and to establish and operate domestic and foreign refineries for this purpose; to establish and operate factories and facilities in petrochemical and other related industries; to establish and operate facilities and plants related with energy and energy related industries, as well as to purchase, sell, import, export, store, market and distribute petroleum products, Liquefied Petroleum Gas (LPG) and natural gas, among others.
TÜRKIYE PETROL RAFINERILERI 
