Turkcell (NYSE: TKC) sells TRY 500M high-yield 2026 domestic bond
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. completed a new local-currency bond financing, issuing TRY 500,000,000 in debt to qualified investors in Türkiye. The bond carries an annual simple interest rate of 40.25% and matures on June 24, 2026, with a single coupon payment on that date.
The issuance was carried out under Turkcell’s TRY 10,000,000,000 domestic debt limit approved by the Capital Markets Board and was sold via private placement, with transfer to investor accounts on March 12, 2026. The instrument is rated AAA (tr) on a long-term national scale by JCR Avrasya and is designated as investment grade.
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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 March 2026
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 March 12, 2026 announcing the registrant's financing bond issuance.
Istanbul, March 12, 2026
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 June 24, 2026, an annual simple interest of 40.25% with a nominal amount of TRY 500,000,000 to qualified investors within Türkiye, without a public placement was completed, and the securities will be transferred to the investor accounts on March 12, 2026 (today).
| 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 | : 24.06.2026 |
| Maturity (Day) | : 104 |
| Sale Type | : Sale To Qualified Investor |
| Intended Nominal Amount | : 500,000,000 |
| Intended Maximum Nominal Amount | : 500,000,000 |
| 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 | : 11.03.2026 |
| Ending Date of Sale | : 11.03.2026 |
| Nominal Value of Capital Market Instrument Sold | : 500,000,000 |
| Maturity Starting Date | : 12.03.2026 |
| Issue Price | : 1 |
| Interest Rate Type | : Fixed |
| Interest Rate - Yearly Simple (%) | : 40.25000 |
| Interest Rate - Yearly Compound (%) | : 46.38138 |
| Traded in the Stock Exchange | : Yes |
| Payment Type | : TL Payment |
| ISIN Code | : TRFTCELK62613 |
| 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 | 24.06.2026 | 23.06.2026 | 24.06.2026 | 11.46849 | |||
| Principal/Maturity Date Payment Amount | 24.06.2026 | 23.06.2026 | 24.06.2026 |
* 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: March 12, 2026 | By: | /s/ Özlem Yardım | |
| Name: | Özlem Yardım | ||
| Title: | Investor Relations Corporate Finance Director | ||
| TURKCELL İLETİŞİM HİZMETLERİ A.Ş. | |||
| Date: March 12, 2026 | By: | /s/ Kamil Kalyon | |
| Name: | Kamil Kalyon | ||
| Title: | Chief Financial Officer | ||
FAQ
What type of bond did Turkcell (TKC) issue in March 2026?
Turkcell issued a TRY 500,000,000 fixed-rate financing bond to qualified investors in Türkiye. The bond is a domestic debt security with a single coupon, sold via private placement under its approved TRY 10,000,000,000 issuance limit.
What is the interest rate and maturity of Turkcell’s new TRY 500 million bond?
The bond carries a 40.25% yearly simple fixed interest rate and matures on June 24, 2026. Interest and principal are paid together on that date in a single coupon structure.
Who could buy Turkcell’s March 2026 bond and was there a public offering?
The bond was sold only to qualified investors within Türkiye, without a public placement. It was structured as a private placement, meaning general retail investors were not targeted in this issuance.
Is Turkcell’s new bond rated investment grade?
Yes. JCR Avrasya Derecelendirme A.Ş. assigned a Long Term National Rating of AAA (tr) to Turkcell, classified as investment grade. This reflects a strong credit profile for the issuer in the local market.
When did Turkcell complete the sale and transfer of the TRY 500 million bond?
Book building for the bond was completed before March 12, 2026, and the securities were transferred to investor accounts on March 12, 2026. The maturity period for interest calculation starts on that same date.
Will Turkcell’s TRY 500 million bond be traded on a stock exchange?
Yes. The financing bond is indicated as being traded on a stock exchange, with an ISIN code of TRFTCELK62613. This allows secondary market trading after the initial private placement to qualified investors.
