Turkcell issues TRY 750M bond at 39.25% due Feb 2026
Turkcell İletişim Hizmetleri A.Ş. completed a domestic financing bond issuance with a nominal amount of TRY 750,000,000, sold by private placement to qualified investors in Türkiye.
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. completed a domestic financing bond issuance with a nominal amount of TRY 750,000,000, sold by private placement to qualified investors in Türkiye. The bond carries a fixed annual simple interest rate of 39.25% and an annual compound rate of 45.28616%, with an issue price of 100 and trading on the stock exchange. The maturity date is February 24, 2026, giving a 96-day term from the maturity starting date of November 20, 2025.
This bond was issued under Turkcell’s previously approved TRY 10,000,000,000 overall issuance limit from the Capital Markets Board. It has a single coupon payment on February 24, 2026, with a periodic interest rate of 10.32329%. Rating agency JCR Avrasya Derecelendirme A.Ş. assigned a Long Term National Rating of AAA (tr) as of May 29, 2025, which is classified as investment grade.
Positive
- None.
Negative
- None.
Insights
Turkcell raises TRY 750M via a short-dated, high-coupon, investment-grade bond.
Turkcell has issued a TRY 750,000,000 domestic financing bond to qualified investors as a private placement, within its broader TRY 10,000,000,000 issuance limit. The instrument is short term, with a 96-day maturity ending on February 24, 2026, and trades on the exchange, which can support secondary market liquidity.
The bond features a fixed annual simple interest rate of 39.25% and an annual compound rate of 45.28616%, delivered through a single coupon at maturity. The redemption plan lists one payment on February 24, 2026 with a periodic interest rate of 10.32329%, combining principal and interest at the end of the term.
Rating agency JCR Avrasya Derecelendirme A.Ş. assigned a Long Term National Rating of AAA (tr) on May 29, 2025, categorized as investment grade. This rating assessment applies at the national level and, together with the high nominal coupon, frames how local fixed-income investors may evaluate the risk-return profile of this issuance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of security did Turkcell (TKC) issue in this 6-K?
What is the size and interest rate of Turkcell's new bond?
When does Turkcell's TRY 750,000,000 bond mature and how is it paid?
Under what program was Turkcell's bond issued?
Who can invest in this Turkcell bond and where was it sold?
What credit rating does Turkcell's bond have?
Does this announcement involve an offer of Turkcell securities in the United States?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 November 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 November 20, 2025 announcing the registrant's financing bond issuance.
Istanbul, November 20, 2025
Announcement Regarding the Financing Bond Issuance
Within the scope of the TRY 10,000,000,000 issuance limit approved by the Capital Markets Board, the book building of the financing bond issuance of our Company with a maturity date of February 24, 2026, an annual simple interest of 39.25% with a nominal amount of TRY 750,000,000 to qualified investors within Türkiye, without a public placement was completed, and the securities will be transferred to the investor accounts on November 20, 2025.
| Board Decision Date | : 25.03.2025 |
| Related Issue Limit Info | |
| Currency Unit | : TRY |
| Limit | : 10,000,000,000 |
| Issue Limit Security Type | : Debt Securities |
| Sale Type | : Private Placement-Sale to Qualified Investor |
| Domestic / Oversea | : Domestic |
| Capital Market Board Approval Date | : 13.06.2025 |
| Capital Market Instrument to be Issued Info | |
| Type | : Bill |
| Maturity Date | : 24.02.2026 |
| Maturity (Day) | : 96 |
| Sale Type | : Sale To Qualified Investor |
| Intended Nominal Amount | : 500,000,000 |
| Intended Maximum Nominal Amount | : - |
| The country where the issue takes place | : Türkiye |
| Title Of Intermediary Brokerage House | : |
| Central Securities Depository | : Merkezi Kayıt Kuruluşu A.Ş. |
| Starting Date of Sale | : 19.11.2025 |
| Ending Date of Sale | : 19.11.2025 |
| Nominal Value of Capital Market Instrument Sold | : 750,000,000 |
| Maturity Starting Date | : 20.11.2025 |
| Issue Price | : 100 |
| Interest Rate Type | : Fixed |
| Interest Rate - Yearly Simple (%) | : 39.25000 |
| Interest Rate - Yearly Compound (%) | : 45.28616 |
| Traded in the Stock Exchange | : Yes |
| Payment Type | : TL Payment |
| ISIN Code | : TRFTCEL22617 |
| 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 | 24.02.2026 | 23.02.2026 | 24.02.2026 | 10.32329 | |||
| Principal/Maturity Date Payment Amount | 24.02.2026 | 23.02.2026 | 24.02.2026 | ||||
| * 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) | 29.05.2025 | Yes |
For more information:
Turkcell Investor Relations
investor.relations@turkcell.com.tr
Tel: + 90 212 313 1888
Disclaimer
This press release does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered, sold or delivered within the United States or to or for the benefit of, US persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements of the Securities Act. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
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: November 20, 2025 | By: | /s/ Özlem Yardım | |
| Name: | Özlem Yardım | ||
| Title: | Investor Relations Corporate Finance Director | ||
| TURKCELL İLETİŞİM HİZMETLERİ A.Ş. | |||
| Date: November 20, 2025 | By: | /s/ Kamil Kalyon | |
| Name: | Kamil Kalyon | ||
| Title: | Chief Financial Officer | ||