[6-K] TURKCELL ILETISIM HIZMETLERI A.S. ADS Current Report (Foreign Issuer)
Turkcell (TKC) has filed a Form 6-K announcing the on-schedule redemption of its short-term financing bond (ISIN TRFTCEL72513). The 97-day bill, issued on 27 March 2025 for TRY 230 million at a fixed annual simple rate of 46.00%, was fully repaid on 2 July 2025. The company disbursed TRY 28.12 million in interest and returned the entire principal amount to investors.
The security was part of a broader TRY 8 billion domestic debt programme aimed at qualified investors, with Ziraat Yatırım acting as intermediary and Merkezi Kayit Kuruluşu serving as depository. Turkcell retains a AAA (trk) long-term national rating from JCR Avrasya, reaffirming its investment-grade credit profile.
The timely settlement underscores Turkcell’s adequate short-term liquidity and ability to access local capital markets, though the elevated 46% coupon reflects the high cost of Turkish-lira funding. No guidance changes, refinancing details, or additional capital-raising plans were disclosed in this filing.
- Principal repaid: TRY 230 million
- Interest paid: TRY 28.12 million
- Maturity: 97 days (27 Mar 2025 – 2 Jul 2025)
- Programme limit: TRY 8 billion
- Credit rating: AAA (trk) by JCR Avrasya
Turkcell (TKC) ha presentato un modulo 6-K annunciando il rimborso puntuale del suo bond di finanziamento a breve termine (ISIN TRFTCEL72513). Il titolo a 97 giorni, emesso il 27 marzo 2025 per 230 milioni di TRY con un tasso semplice annuo fisso del 46,00%, è stato interamente rimborsato il 2 luglio 2025. La società ha corrisposto 28,12 milioni di TRY di interessi e ha restituito l'intero capitale agli investitori.
Il titolo faceva parte di un più ampio programma di debito domestico da 8 miliardi di TRY rivolto a investitori qualificati, con Ziraat Yatırım come intermediario e Merkezi Kayıt Kuruluşu come depositario. Turkcell mantiene un rating nazionale a lungo termine AAA (trk) da JCR Avrasya, confermando il suo profilo creditizio di qualità investment grade.
Il rimborso tempestivo evidenzia la liquidità a breve termine adeguata di Turkcell e la sua capacità di accedere ai mercati dei capitali locali, sebbene il coupon elevato del 46% rifletta l’alto costo del finanziamento in lira turca. Nel documento non sono state fornite modifiche alle linee guida, dettagli sul rifinanziamento o piani aggiuntivi di raccolta capitale.
- Capitale rimborsato: 230 milioni di TRY
- Interessi pagati: 28,12 milioni di TRY
- Scadenza: 97 giorni (27 mar 2025 – 2 lug 2025)
- Limite programma: 8 miliardi di TRY
- Rating creditizio: AAA (trk) da JCR Avrasya
Turkcell (TKC) ha presentado un Formulario 6-K anunciando el reembolso puntual de su bono de financiación a corto plazo (ISIN TRFTCEL72513). El pagaré a 97 días, emitido el 27 de marzo de 2025 por 230 millones de TRY con una tasa simple fija anual del 46,00%, fue totalmente pagado el 2 de julio de 2025. La compañía desembolsó 28,12 millones de TRY en intereses y devolvió el monto principal completo a los inversores.
El título formaba parte de un programa de deuda doméstica más amplio por 8 mil millones de TRY dirigido a inversores calificados, con Ziraat Yatırım como intermediario y Merkezi Kayıt Kuruluşu como depositario. Turkcell mantiene una calificación nacional a largo plazo AAA (trk) otorgada por JCR Avrasya, reafirmando su perfil crediticio de grado de inversión.
El pago puntual subraya la adecuada liquidez a corto plazo de Turkcell y su capacidad para acceder a los mercados locales de capital, aunque el cupón elevado del 46% refleja el alto costo del financiamiento en liras turcas. No se divulgaron cambios en la guía, detalles de refinanciamiento ni planes adicionales de recaudación de capital en esta presentación.
- Principal reembolsado: 230 millones de TRY
- Intereses pagados: 28,12 millones de TRY
- Vencimiento: 97 días (27 mar 2025 – 2 jul 2025)
- Límite del programa: 8 mil millones de TRY
- Calificación crediticia: AAA (trk) por JCR Avrasya
터크셀(TKC)은 단기 금융 채권(ISIN TRFTCEL72513)의 예정된 상환을 알리는 Form 6-K를 제출했습니다. 2025년 3월 27일에 발행된 97일 만기 채권으로, 2억 3천만 TRY 규모에 연간 단리 고정금리 46.00%로, 2025년 7월 2일 전액 상환되었습니다. 회사는 2,812만 TRY의 이자를 지급하고 원금 전액을 투자자에게 반환했습니다.
이 증권은 자격을 갖춘 투자자를 대상으로 하는 총 80억 TRY 규모의 국내 부채 프로그램의 일부였으며, Ziraat Yatırım이 중개인으로, Merkezi Kayıt Kuruluşu가 예탁기관으로 참여했습니다. 터크셀은 JCR Avrasya로부터 장기 국가 신용등급 AAA (trk)를 유지하며 투자등급 신용 프로필을 재확인했습니다.
제때 상환은 터크셀의 단기 유동성 적정성과 국내 자본시장 접근 능력을 강조하지만, 높은 46% 쿠폰은 터키 리라 자금 조달 비용이 높음을 반영합니다. 이번 공시에서는 가이던스 변경, 재융자 세부사항 또는 추가 자본 조달 계획이 공개되지 않았습니다.
- 상환 원금: 2억 3천만 TRY
- 이자 지급액: 2,812만 TRY
- 만기: 97일 (2025년 3월 27일 – 2025년 7월 2일)
- 프로그램 한도: 800억 TRY
- 신용 등급: JCR Avrasya의 AAA (trk)
Turkcell (TKC) a déposé un formulaire 6-K annonçant le remboursement dans les délais de son obligation de financement à court terme (ISIN TRFTCEL72513). Le billet à 97 jours, émis le 27 mars 2025 pour 230 millions TRY à un taux d'intérêt simple fixe annuel de 46,00%, a été intégralement remboursé le 2 juillet 2025. La société a versé 28,12 millions TRY d'intérêts et a restitué la totalité du principal aux investisseurs.
Cette valeur faisait partie d'un programme de dette domestique plus large de 8 milliards TRY destiné aux investisseurs qualifiés, avec Ziraat Yatırım agissant en tant qu'intermédiaire et Merkezi Kayıt Kuruluşu en tant que dépositaire. Turkcell conserve une notation nationale à long terme AAA (trk) attribuée par JCR Avrasya, confirmant ainsi son profil de crédit de qualité investment grade.
Le règlement en temps voulu souligne la liquidité à court terme adéquate de Turkcell et sa capacité à accéder aux marchés locaux des capitaux, bien que le coupon élevé de 46 % reflète le coût élevé du financement en livre turque. Aucun changement d'orientation, détail de refinancement ou plan supplémentaire de levée de fonds n'a été divulgué dans ce dépôt.
- Principal remboursé : 230 millions TRY
- Intérêts payés : 28,12 millions TRY
- Échéance : 97 jours (27 mars 2025 – 2 juillet 2025)
- Limite du programme : 8 milliards TRY
- Notation de crédit : AAA (trk) par JCR Avrasya
Turkcell (TKC) hat ein Formular 6-K eingereicht, in dem die planmäßige Rückzahlung seiner kurzfristigen Finanzierungsanleihe (ISIN TRFTCEL72513) bekanntgegeben wird. Die 97-Tage-Anleihe, ausgegeben am 27. März 2025 über 230 Millionen TRY mit einem festen einfachen Jahreszinssatz von 46,00%, wurde am 2. Juli 2025 vollständig zurückgezahlt. Das Unternehmen zahlte 28,12 Millionen TRY an Zinsen und erstattete den gesamten Kapitalbetrag an die Investoren.
Die Anleihe war Teil eines größeren 8 Milliarden TRY umfassenden heimischen Schuldenprogramms, das sich an qualifizierte Investoren richtete, mit Ziraat Yatırım als Vermittler und Merkezi Kayıt Kuruluşu als Depotstelle. Turkcell behält ein langfristiges nationales Rating von AAA (trk) von JCR Avrasya bei und bestätigt damit sein Investment-Grade-Kreditprofil.
Die fristgerechte Rückzahlung unterstreicht Turkcells ausreichende kurzfristige Liquidität und seine Fähigkeit, auf lokale Kapitalmärkte zuzugreifen, wobei die hohe Kuponrate von 46% die hohen Finanzierungskosten in türkischer Lira widerspiegelt. In dieser Meldung wurden keine Änderungen der Prognosen, Refinanzierungsdetails oder weitere Kapitalbeschaffungspläne bekannt gegeben.
- Zurückgezahltes Kapital: 230 Millionen TRY
- Zinszahlungen: 28,12 Millionen TRY
- Fälligkeit: 97 Tage (27. März 2025 – 2. Juli 2025)
- Programmlimit: 8 Milliarden TRY
- Kreditrating: AAA (trk) von JCR Avrasya
- On-time principal and coupon payment confirms adequate short-term liquidity.
- AAA (trk) rating maintained, supporting investor confidence and access to capital markets.
- 46% annual simple interest rate underscores high cost of domestic borrowing.
- Cash outflow of TRY 258.1 million (principal plus interest) reduces available liquidity.
Insights
TL;DR: Bond redeemed on time; liquidity intact; cost of funding high; overall neutral for equity holders.
Turkcell’s repayment of the TRY 230 million, 97-day bill removes a near-term liability without distress, highlighting sufficient cash resources and continued capital-market access. The accompanying TRY 28 million interest expense is immaterial relative to Turkcell’s multi-billion-lira revenue base, suggesting minimal earnings impact. The transaction neither alters leverage ratios nor provides fresh capital; consequently, it is best viewed as routine balance-sheet housekeeping. However, the 46% coupon flags elevated local funding costs, incentivising future reliance on lower-cost foreign-currency or longer-tenor issuance once market conditions permit.
TL;DR: Timely redemption lowers refinancing risk but signals costly TRY liquidity environment.
From a credit-risk perspective, settlement of principal and interest eliminates immediate rollover exposure and supports Turkcell’s AAA (trk) domestic rating. Yet the 46% simple, 54.34% compound yield demonstrates the punitive rate landscape in Turkey, potentially pressuring future margins if the firm remains reliant on short-term local-currency debt. The absence of new funding disclosures means near-term cash coverage deserves monitoring, though current evidence points to adequate liquidity. Overall risk profile unchanged; event not materially impactful.
Turkcell (TKC) ha presentato un modulo 6-K annunciando il rimborso puntuale del suo bond di finanziamento a breve termine (ISIN TRFTCEL72513). Il titolo a 97 giorni, emesso il 27 marzo 2025 per 230 milioni di TRY con un tasso semplice annuo fisso del 46,00%, è stato interamente rimborsato il 2 luglio 2025. La società ha corrisposto 28,12 milioni di TRY di interessi e ha restituito l'intero capitale agli investitori.
Il titolo faceva parte di un più ampio programma di debito domestico da 8 miliardi di TRY rivolto a investitori qualificati, con Ziraat Yatırım come intermediario e Merkezi Kayıt Kuruluşu come depositario. Turkcell mantiene un rating nazionale a lungo termine AAA (trk) da JCR Avrasya, confermando il suo profilo creditizio di qualità investment grade.
Il rimborso tempestivo evidenzia la liquidità a breve termine adeguata di Turkcell e la sua capacità di accedere ai mercati dei capitali locali, sebbene il coupon elevato del 46% rifletta l’alto costo del finanziamento in lira turca. Nel documento non sono state fornite modifiche alle linee guida, dettagli sul rifinanziamento o piani aggiuntivi di raccolta capitale.
- Capitale rimborsato: 230 milioni di TRY
- Interessi pagati: 28,12 milioni di TRY
- Scadenza: 97 giorni (27 mar 2025 – 2 lug 2025)
- Limite programma: 8 miliardi di TRY
- Rating creditizio: AAA (trk) da JCR Avrasya
Turkcell (TKC) ha presentado un Formulario 6-K anunciando el reembolso puntual de su bono de financiación a corto plazo (ISIN TRFTCEL72513). El pagaré a 97 días, emitido el 27 de marzo de 2025 por 230 millones de TRY con una tasa simple fija anual del 46,00%, fue totalmente pagado el 2 de julio de 2025. La compañía desembolsó 28,12 millones de TRY en intereses y devolvió el monto principal completo a los inversores.
El título formaba parte de un programa de deuda doméstica más amplio por 8 mil millones de TRY dirigido a inversores calificados, con Ziraat Yatırım como intermediario y Merkezi Kayıt Kuruluşu como depositario. Turkcell mantiene una calificación nacional a largo plazo AAA (trk) otorgada por JCR Avrasya, reafirmando su perfil crediticio de grado de inversión.
El pago puntual subraya la adecuada liquidez a corto plazo de Turkcell y su capacidad para acceder a los mercados locales de capital, aunque el cupón elevado del 46% refleja el alto costo del financiamiento en liras turcas. No se divulgaron cambios en la guía, detalles de refinanciamiento ni planes adicionales de recaudación de capital en esta presentación.
- Principal reembolsado: 230 millones de TRY
- Intereses pagados: 28,12 millones de TRY
- Vencimiento: 97 días (27 mar 2025 – 2 jul 2025)
- Límite del programa: 8 mil millones de TRY
- Calificación crediticia: AAA (trk) por JCR Avrasya
터크셀(TKC)은 단기 금융 채권(ISIN TRFTCEL72513)의 예정된 상환을 알리는 Form 6-K를 제출했습니다. 2025년 3월 27일에 발행된 97일 만기 채권으로, 2억 3천만 TRY 규모에 연간 단리 고정금리 46.00%로, 2025년 7월 2일 전액 상환되었습니다. 회사는 2,812만 TRY의 이자를 지급하고 원금 전액을 투자자에게 반환했습니다.
이 증권은 자격을 갖춘 투자자를 대상으로 하는 총 80억 TRY 규모의 국내 부채 프로그램의 일부였으며, Ziraat Yatırım이 중개인으로, Merkezi Kayıt Kuruluşu가 예탁기관으로 참여했습니다. 터크셀은 JCR Avrasya로부터 장기 국가 신용등급 AAA (trk)를 유지하며 투자등급 신용 프로필을 재확인했습니다.
제때 상환은 터크셀의 단기 유동성 적정성과 국내 자본시장 접근 능력을 강조하지만, 높은 46% 쿠폰은 터키 리라 자금 조달 비용이 높음을 반영합니다. 이번 공시에서는 가이던스 변경, 재융자 세부사항 또는 추가 자본 조달 계획이 공개되지 않았습니다.
- 상환 원금: 2억 3천만 TRY
- 이자 지급액: 2,812만 TRY
- 만기: 97일 (2025년 3월 27일 – 2025년 7월 2일)
- 프로그램 한도: 800억 TRY
- 신용 등급: JCR Avrasya의 AAA (trk)
Turkcell (TKC) a déposé un formulaire 6-K annonçant le remboursement dans les délais de son obligation de financement à court terme (ISIN TRFTCEL72513). Le billet à 97 jours, émis le 27 mars 2025 pour 230 millions TRY à un taux d'intérêt simple fixe annuel de 46,00%, a été intégralement remboursé le 2 juillet 2025. La société a versé 28,12 millions TRY d'intérêts et a restitué la totalité du principal aux investisseurs.
Cette valeur faisait partie d'un programme de dette domestique plus large de 8 milliards TRY destiné aux investisseurs qualifiés, avec Ziraat Yatırım agissant en tant qu'intermédiaire et Merkezi Kayıt Kuruluşu en tant que dépositaire. Turkcell conserve une notation nationale à long terme AAA (trk) attribuée par JCR Avrasya, confirmant ainsi son profil de crédit de qualité investment grade.
Le règlement en temps voulu souligne la liquidité à court terme adéquate de Turkcell et sa capacité à accéder aux marchés locaux des capitaux, bien que le coupon élevé de 46 % reflète le coût élevé du financement en livre turque. Aucun changement d'orientation, détail de refinancement ou plan supplémentaire de levée de fonds n'a été divulgué dans ce dépôt.
- Principal remboursé : 230 millions TRY
- Intérêts payés : 28,12 millions TRY
- Échéance : 97 jours (27 mars 2025 – 2 juillet 2025)
- Limite du programme : 8 milliards TRY
- Notation de crédit : AAA (trk) par JCR Avrasya
Turkcell (TKC) hat ein Formular 6-K eingereicht, in dem die planmäßige Rückzahlung seiner kurzfristigen Finanzierungsanleihe (ISIN TRFTCEL72513) bekanntgegeben wird. Die 97-Tage-Anleihe, ausgegeben am 27. März 2025 über 230 Millionen TRY mit einem festen einfachen Jahreszinssatz von 46,00%, wurde am 2. Juli 2025 vollständig zurückgezahlt. Das Unternehmen zahlte 28,12 Millionen TRY an Zinsen und erstattete den gesamten Kapitalbetrag an die Investoren.
Die Anleihe war Teil eines größeren 8 Milliarden TRY umfassenden heimischen Schuldenprogramms, das sich an qualifizierte Investoren richtete, mit Ziraat Yatırım als Vermittler und Merkezi Kayıt Kuruluşu als Depotstelle. Turkcell behält ein langfristiges nationales Rating von AAA (trk) von JCR Avrasya bei und bestätigt damit sein Investment-Grade-Kreditprofil.
Die fristgerechte Rückzahlung unterstreicht Turkcells ausreichende kurzfristige Liquidität und seine Fähigkeit, auf lokale Kapitalmärkte zuzugreifen, wobei die hohe Kuponrate von 46% die hohen Finanzierungskosten in türkischer Lira widerspiegelt. In dieser Meldung wurden keine Änderungen der Prognosen, Refinanzierungsdetails oder weitere Kapitalbeschaffungspläne bekannt gegeben.
- Zurückgezahltes Kapital: 230 Millionen TRY
- Zinszahlungen: 28,12 Millionen TRY
- Fälligkeit: 97 Tage (27. März 2025 – 2. Juli 2025)
- Programmlimit: 8 Milliarden TRY
- Kreditrating: AAA (trk) von JCR Avrasya
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 July 2025
Commission File Number: 001-15092
TURKCELL İLETİŞİM HİZMETLERİ A.Ş.
(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 July 2, 2025 announcing the redemption of the registrant's financing bond.
Istanbul, July 2, 2025
Announcement Regarding the Redemption of the Bond with ISIN Code TRFTCEL72513
Within the scope of our Company's announcement dated March 27, 2025, the redemption and coupon payment of the financing bond with ISIN code TRFTCEL72513 with a nominal amount of TRY 230,000,000, a maturity of 97 days and an annual simple interest rate of 46.00% was made on July 02, 2025 (today).
| 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 | : 02.07.2025 |
| Maturity (Day) | : 97 |
| Sale Type | : Sale To Qualified Investor |
| Intended Nominal Amount | : 230,000,000 |
| Intended Maximum Nominal Amount | : 230,000,000 |
| 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 | : 26.03.2025 |
| Ending Date of Sale | : 26.03.2025 |
| Nominal Value of Capital Market Instrument Sold | : 230,000,000 |
| Maturity Starting Date | : 27.03.2025 |
| Issue Price | : 1 |
| Interest Rate Type | : Fixed |
| Interest Rate - Yearly Simple (%) | : 46.00000 |
| Interest Rate - Yearly Compound (%) | : 54.33931 |
| Traded in the Stock Exchange | : Yes |
| Payment Type | : TL Payment |
| ISIN Code | : TRFTCEL72513 |
| 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 | 02.07.2025 | 01.07.2025 | 02.07.2025 | 12.22466 | 28,116,717.98 | Yes | |
| Principal/Maturity Date Payment Amount | 02.07.2025 | 01.07.2025 | 02.07.2025 | 230,000,000.00 | 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 (trk) | 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 İletişim Hizmetleri A.Ş. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TURKCELL İLETİŞİM HİZMETLERİ A.Ş. | |||
| Date: July 3, 2025 | By: | /s/ Özlem Yardım | |
| Name: | Özlem Yardım | ||
| Title: | Investor Relations Corporate Finance Director | ||
| TURKCELL İLETİŞİM HİZMETLERİ A.Ş. | |||
| Date: July 3, 2025 | By: | /s/ Kamil Kalyon | |
| Name: | Kamil Kalyon | ||
| Title: | Chief Financial Officer | ||
FAQ
When did Turkcell (TKC) redeem the TRFTCEL72513 bond?
What was the nominal value of the redeemed bond?
How much interest did Turkcell pay on this bond?
What interest rate did the bond carry?
Does the redemption affect Turkcell’s credit rating?
Was the bond part of a larger debt programme?
