Turkcell (NYSE: TKC) redeems TRY 530m 89-day bond at 41%
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. redeemed its short‑term financing bond with ISIN TRFTCEL62621 on June 24, 2026. The bond had a nominal amount of TRY 530,000,000, a maturity of 89 days and carried a fixed annual simple interest rate of 41.00%.
The issue was a domestic private placement sold to qualified investors at an issue price of 1, with a single coupon. The coupon payment amount was TRY 52,985,478, and rating agency JCR Avrasya assigned a Long Term National Rating of AAA (tr), assessed as investment grade.
Positive
- None.
Negative
- None.
Key Figures
Bond nominal amount: TRY 530,000,000
Annual simple interest rate: 41.00%
Annual compound interest rate: 47.81284%
+5 more
8 metrics
Bond nominal amount
TRY 530,000,000
Financing bond ISIN TRFTCEL62621 nominal value
Annual simple interest rate
41.00%
Fixed yearly simple interest on the bond
Annual compound interest rate
47.81284%
Yearly compound interest rate for the bond
Coupon payment amount
TRY 52,985,478
Single coupon paid on June 24, 2026
Maturity
89 days
Bond term from March 27, 2026 to June 24, 2026
Periodic interest rate
9.99726%
Interest rate for the single coupon period
Debt program issue limit
TRY 10,000,000,000
Overall related issue limit for debt securities
Issuer rating
AAA (tr), investment grade
Long Term National Rating by JCR Avrasya as of May 29, 2025
Key Terms
Private Placement-Sale to Qualified Investor, Fixed Interest Rate - Yearly Simple, Central Securities Depository, Long Term National Rating AAA (tr), +1 more
5 terms
Private Placement-Sale to Qualified Investor financial
"Sale Type | Private Placement-Sale to Qualified Investor"
Fixed Interest Rate - Yearly Simple financial
"Interest Rate Type | Fixed Interest Rate - Yearly Simple (%) | 41.00000"
Central Securities Depository financial
"Central Securities Depository | Merkezi Kayıt Kuruluşu A.Ş."
A central securities depository (CSD) is a specialized institution that holds and records ownership of stocks, bonds and other financial instruments electronically, acting like a secure digital vault and official ledger. It matters to investors because the CSD makes buying and selling faster and safer by ensuring ownership transfers are accurately recorded and settled, reducing the risk of lost certificates, settlement mistakes and unnecessary costs—similar to how a bank safeguards and tracks your cash.
Long Term National Rating AAA (tr) financial
"Long Term National Rating AAA (tr) | 29.05.2025 | Yes"
investment grade financial
"Long Term National Rating AAA (tr) | 29.05.2025 | Yes"
A credit rating label assigned to bonds or borrowers that signals relatively low risk of default; think of it as a strong health check for a company's or government's ability to repay debt. It matters to investors because investment-grade status typically means lower interest costs for the borrower, greater eligibility for conservative funds and pension portfolios, and generally more stable returns compared with higher-risk, non-investment-grade debt.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What bond did Turkcell (TKC) redeem on June 24, 2026?
Turkcell redeemed its financing bond with ISIN TRFTCEL62621 on June 24, 2026. The bond had a nominal amount of TRY 530,000,000, a short 89‑day maturity and was structured as a domestic private placement to qualified investors in Türkiye.
What were the main terms of Turkcell (TKC) bond TRFTCEL62621?
The bond carried a 41.00% annual simple fixed interest rate over an 89‑day term. It had a nominal value of TRY 530,000,000, an issue price of 1, and a single coupon payment structure, sold domestically to qualified investors through private placement.
How much interest did Turkcell (TKC) pay on bond TRFTCEL62621?
The single coupon payment on the bond amounted to TRY 52,985,478. This payment was made on June 24, 2026, alongside the redemption of the TRY 530,000,000 principal, reflecting a periodic interest rate of 9.99726% over the 89‑day maturity.
Was Turkcell (TKC) bond TRFTCEL62621 considered investment grade?
Yes, the bond carried an investment‑grade national rating. Rating agency JCR Avrasya Derecelendirme A.Ş. assigned a Long Term National Rating of AAA (tr) on May 29, 2025, and explicitly classified this rating level as investment grade for the issuer.
What was the size of Turkcell (TKC) debt issuance program linked to this bond?
The related issue limit for Turkcell’s debt securities program was TRY 10,000,000,000. Within this broader limit, the company intended a nominal TRY 500,000,000 for this bill, ultimately selling TRY 530,000,000 in the TRFTCEL62621 bond.
How and when was Turkcell (TKC) bond TRFTCEL62621 sold?
The bond was sold by private placement to qualified investors on March 26, 2026. The maturity starting date was March 27, 2026, and the bond was structured as a domestic Turkish lira instrument traded on the stock exchange with TL payment terms.
