Turkcell (NYSE: TKC) redeems TRY 500M bond paying 40.25% interest
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. redeemed its financing bond with ISIN code TRFTCEL62613 on June 24, 2026. The bond had a nominal amount of TRY 500,000,000, a maturity of 104 days, and a fixed annual simple interest rate of 40.25%.
A single coupon was paid with a periodic interest rate of 11.46849%, corresponding to an interest payment of TRY 57,342,450, alongside repayment of the TRY 500,000,000 principal. The bond was issued via private placement to qualified investors under a TRY 10,000,000,000 debt securities limit and carried a long-term national rating of AAA (tr).
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Key Figures
Bond nominal amount: TRY 500,000,000
Bond maturity: 104 days
Annual simple interest rate: 40.25%
+5 more
8 metrics
Bond nominal amount
TRY 500,000,000
Financing bond TRFTCEL62613 nominal value
Bond maturity
104 days
Term from March 12, 2026 to June 24, 2026
Annual simple interest rate
40.25%
Fixed yearly simple interest on TRFTCEL62613
Annual compound interest rate
46.38138%
Yearly compound interest on TRFTCEL62613
Coupon interest payment
TRY 57,342,450
Single coupon paid on June 24, 2026
Periodic coupon rate
11.46849%
Interest rate for single coupon period
Debt issue limit
TRY 10,000,000,000
Overall limit for related debt securities program
Credit rating
AAA (tr)
Long Term National Rating by JCR Avrasya on May 29, 2025
Key Terms
private placement, qualified investor, fixed interest rate, yearly compound, +2 more
6 terms
private placement financial
"Sale Type | Private Placement-Sale to Qualified Investor"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
qualified investor financial
"Sale Type | Private Placement-Sale to Qualified Investor"
fixed interest rate financial
"Interest Rate Type | Fixed Interest Rate - Yearly Simple (%) | 40.25000"
A fixed interest rate is a set percentage charged or paid on a loan, bond, or savings account that does not change for a specified period. Think of it like locking the price of heat for the winter: it gives predictable payments and helps investors plan cash flow and compare returns, but it can be a disadvantage if broader market rates fall because the return stays the same while new opportunities may offer higher yields.
yearly compound financial
"Interest Rate - Yearly Compound (%) | 46.38138"
Long Term National Rating AAA (tr) financial
"Long Term National Rating AAA (tr) | 29.05.2025 | Yes"
Capital Market Board Approval regulatory
"Capital Market Board Approval Date | 13.06.2025"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What bond did Turkcell (TKC) redeem in June 2026?
Turkcell redeemed its financing bond with ISIN code TRFTCEL62613 on June 24, 2026. The bond had a TRY 500,000,000 nominal amount, 104-day maturity, and was sold via private placement to qualified investors in Türkiye.
What were the main terms of Turkcell’s (TKC) redeemed TRY 500 million bond?
The redeemed bond had a TRY 500,000,000 nominal value, 104-day maturity starting March 12, 2026, and a fixed annual simple interest rate of 40.25%. It carried an annual compound interest rate of 46.38138% and paid a single coupon at maturity.
How much interest did Turkcell (TKC) pay on bond TRFTCEL62613 at redemption?
Turkcell paid a single coupon with a periodic interest rate of 11.46849%, resulting in an interest payment of TRY 57,342,450. This interest payment was made together with repayment of the TRY 500,000,000 principal amount on June 24, 2026.
How and where was Turkcell’s (TKC) redeemed bond TRFTCEL62613 issued?
The bond was issued as a debt security via private placement to qualified investors in Türkiye. It was traded on the stock exchange, denominated in TRY, with sales conducted on March 11, 2026 under a TRY 10,000,000,000 issue limit.
What was the credit rating of Turkcell’s (TKC) bond TRFTCEL62613?
JCR Avrasya Derecelendirme A.Ş. assigned a Long Term National Rating of AAA (tr) on May 29, 2025. This rating was classified as investment grade, reflecting the rating agency’s assessment of the bond’s credit quality at that time.
Who acted as intermediary and depository for Turkcell’s (TKC) redeemed bond?
The intermediary brokerage house for the bond was Ziraat Menkul Değerler A.Ş., and the central securities depository was Merkezi Kayıt Kuruluşu A.Ş.. These institutions handled placement to qualified investors and custody within the Turkish capital markets infrastructure.
