[6-K] TURKCELL ILETISIM HIZMETLERI A.S. ADS Current Report (Foreign Issuer)
Turkcell completed the scheduled redemption and coupon payment of a short-term financing bill. The company redeemed the bill with ISIN TRFTCEL82512 with a nominal amount of TRY 900,000,000, a 96-day maturity and an annual simple interest rate of 49.75%. The single coupon payment of TRY 117,764,369.99 and the principal of TRY 900,000,000 were paid on August 13, 2025.
The instrument was issued via private placement to qualified investors, was traded on the exchange and carried a Long Term National Rating of AAA (tr) from JCR Avrasya. The filing confirms the transaction closed as previously announced.
- Redemption and coupon payment completed on schedule for the bill with ISIN TRFTCEL82512 on August 13, 2025.
- Full principal of TRY 900,000,000 and the single coupon of TRY 117,764,369.99 were paid, closing the instrument.
- Instrument was exchange-traded and carried a Long Term National Rating of AAA (tr) from JCR Avrasya.
- High short-term funding cost: the bill carried a 49.75% annual simple interest rate (compound equivalent 59.60602%), indicating expensive borrowing.
- Use of high-yield short-term debt may increase financing costs relative to lower-rate alternatives.
Insights
TL;DR: Redemption executed as planned; high short-term funding cost evident from the 49.75% annual simple rate.
The company completed the repayment of a 96-day bill totaling TRY 900,000,000 and a single coupon of TRY 117,764,369.99. This was a privately placed, exchange-traded instrument aimed at qualified investors. The stated 49.75% annual simple interest rate implies a high effective cost for short-term liquidity; the filing also reports a compound equivalent rate of 59.60602%. From a credit perspective, the issuer retains a Long Term National Rating of AAA (tr), which contextualizes creditworthiness within the national scale.
TL;DR: Transaction closed per prior notice; principal and coupon paid in full on the maturity date.
Details confirm the bill was issued between May 8-9, 2025, with sale to qualified investors and fully redeemed on August 13, 2025. The issuance filled the intended maximum nominal amount of TRY 900,000,000. The record shows single-coupon structure with TL payment and exchange trading. The completion reduces that short-term liability from the balance sheet as of the maturity date, consistent with the company’s stated financing plan.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2025
Commission File Number: 001-15092
TURKCELL ILETISIM HIZMETLERI A.S.
(Translation of registrant’s name into English)
Turkcell Küçükyalı Plaza
Aydınevler Mahallesi İnönü Caddesi No:20
Küçükyalı Ofispark
34854 Maltepe
Istanbul, Türkiye
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
x Form 20-F ¨ Form 40-F
Enclosure: A press release dated August 13, 2025, announcing the redemption of the registrant's financing bond.
Istanbul, August 13, 2025
Announcement Regarding the Redemption of the Bond with ISIN Code TRFTCEL82512
Within the scope of our Company's announcement dated May 9, 2025, the redemption and coupon payment of the financing bond with ISIN code TRFTCEL82512 with a nominal amount of TRY 900,000,000, a maturity of 96 days and an annual simple interest rate of 49.75% was made on August 13, 2025.
| Board Decision Date | : 27.05.2024 |
| Related Issue Limit Info | |
| Currency Unit | : TRY |
| Limit | : 8,000,000,000 |
| Issue Limit Security Type | : Debt Securities |
| Sale Type | : Private Placement-Sale to Qualified Investor |
| Domestic / Oversea | : Domestic |
| Capital Market Board Approval Date | : 28.06.2024 |
| Capital Market Instrument to be Issued Info | |
| Type | : Bill |
| Maturity Date | : 13.08.2025 |
| Maturity (Day) | : 96 |
| Sale Type | : Sale To Qualified Investor |
| Intended Nominal Amount | : 500,000,000 |
| Intended Maximum Nominal Amount | : 900,000,000 |
| The country where the issue takes place | : Türkiye |
| Title Of Intermediary Brokerage House | : Ziraat Yatırım Menkul Değerler A.Ş. |
| Central Securities Depository | : Merkezi Kayıt Kuruluşu A.Ş. |
| Starting Date of Sale | : 08.05.2025 |
| Ending Date of Sale | : 08.05.2025 |
| Nominal Value of Capital Market Instrument Sold | : 900,000,000 |
| Maturity Starting Date | : 09.05.2025 |
| Issue Price | : 1 |
| Interest Rate Type | : Fixed |
| Interest Rate - Yearly Simple (%) | : 49.75000 |
| Interest Rate - Yearly Compound (%) | : 59.60602 |
| Traded in the Stock Exchange | : Yes |
| Payment Type | : TL Payment |
| ISIN Code | : TRFTCEL82512 |
| Coupon Number | : 1 |
| Currency Unit | : TRY |
| Coupon Payment Frequency | : Single Coupon |
1
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Record Date* | Payment Date | Interest Rate - Periodic (%) |
Payment Amount |
Exchange Rate |
Was The Payment Made? |
| 1 | 13.08.2025 | 12.08.2025 | 13.08.2025 | 13.08493 | 117,764,369.99 | Yes | |
| Principal/Maturity Date Payment Amount | 13.08.2025 | 12.08.2025 | 13.08.2025 | 900,000,000.00 | Yes | ||
| * The date on which the beneficiaries are determined. | |||||||
Issuer Rating Note
| Rating Company | Rating Note | Rating Date | Is it Investment Grade? |
| JCR AVRASYA DERECELENDİRME A.Ş. | Long Term National Rating AAA (tr) | 29.05.2024 | Yes |
For more information:
Turkcell Investor Relations
investor.relations@turkcell.com.tr
Tel: + 90 212 313 1888
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TURKCELL ILETISIM HIZMETLERI A.S. | |||
| Date: August 13, 2025 | By: | /s/ Özlem Yardım | |
| Name: | Özlem Yardım | ||
| Title: | Investor Relations Corporate Finance Director | ||
| TURKCELL ILETISIM HIZMETLERI A.S. | |||
| Date: August 13, 2025 | By: | /s/ Kamil Kalyon | |
| Name: | Kamil Kalyon | ||
| Title: | Chief Financial Officer | ||
FAQ
What did Turkcell (TKC) announce in this Form 6-K?
How large was the redeemed financing instrument for TKC?
What interest rate applied to the Turkcell bill (ISIN TRFTCEL82512)?
What were the coupon and principal payment amounts?
Was the issuance traded and who were the investors?
What rating did the issuer have for this instrument?
