[6-K] TURKCELL ILETISIM HIZMETLERI A.S. ADS Current Report (Foreign Issuer)
Turkcell completed a private placement of a short-term TRY-denominated financing bill totaling TRY 1,500,000,000 under an existing TRY 10,000,000,000 issuance limit. The instrument is a bill with a single coupon, fixed annual simple interest of 41.50% (annual compound 48.18042%), and a maturity date of 20 November 2025, corresponding to a 99-day term. The securities were placed with qualified investors in T眉rkiye through book building and are recorded under ISIN TRFTCELK2516. Payment is in Turkish lira and the securities will be transferred to investor accounts on August 13, 2025.
The issuance is listed as tradable on the stock exchange and the issuer holds a Long Term National Rating of AAA(tr) from JCR Avrasya. The single-coupon structure and short maturity mean interest and principal are due at the same payment date rather than periodic payments.
Turkcell ha completato un collocamento privato di un titolo di finanziamento a breve termine denominato in TRY per un importo complessivo di TRY 1.500.000.000, nell'ambito di un limite di emissione esistente di TRY 10.000.000.000. Lo strumento 猫 un titolo con coupon unico, tasso fisso semplice annuo del 41,50% (tasso annuo composto 48,18042%), con scadenza il 20 novembre 2025, corrispondente a una durata di 99 giorni. I titoli sono stati collocati presso investitori qualificati in Turchia tramite book building e sono registrati con ISIN TRFTCELK2516. Il pagamento sar脿 effettuato in lire turche e i titoli saranno trasferiti sui conti degli investitori il 13 agosto 2025.
L'emissione 猫 quotata e negoziabile in borsa e l'emittente detiene una valutazione nazionale a lungo termine di AAA(tr) rilasciata da JCR Avrasya. La struttura a coupon unico e la breve scadenza comportano che interessi e capitale siano dovuti nella stessa data di pagamento, anzich茅 tramite pagamenti periodici.
Turkcell complet贸 una colocaci贸n privada de un t铆tulo de financiaci贸n a corto plazo denominado en TRY por un total de TRY 1.500.000.000, dentro de un l铆mite de emisi贸n existente de TRY 10.000.000.000. El instrumento es un t铆tulo con cup贸n 煤nico, inter茅s simple anual fijo del 41,50% (equivalente anual compuesto 48,18042%), con vencimiento el 20 de noviembre de 2025, correspondiente a un plazo de 99 d铆as. Los valores se colocaron entre inversores cualificados en Turqu铆a mediante book building y est谩n registrados bajo el ISIN TRFTCELK2516. El pago se efectuar谩 en liras turcas y los t铆tulos se transferir谩n a las cuentas de los inversores el 13 de agosto de 2025.
La emisi贸n est谩 cotizada y es negociable en bolsa, y el emisor cuenta con una calificaci贸n nacional a largo plazo de AAA(tr) otorgada por JCR Avrasya. La estructura de cup贸n 煤nico y el corto vencimiento implican que los intereses y el principal se abonan en la misma fecha de pago en lugar de mediante pagos peri贸dicos.
Turkcell鞚� 旮办〈 TRY 10,000,000,000鞚� 氚滍枆頃滊弰 雮挫棎靹� 齑濎暋 TRY 1,500,000,000 攴滊鞚� 雼赴 TRY 響滌嫓 旮堨湹鞏挫潓鞚� 靷搿� 氚滍枆鞚� 鞕勲頄堨姷雼堧嫟. 鞚� 歃濌秾鞚� 雼澕 炜犿彴 甑“搿� 鞐� 瓿犾爼 雼Μ 41.50%(鞐� 氤惦Μ 頇橃偘 48.18042%)鞚措┌, 毵岅赴鞚检潃 2025雲� 11鞗� 20鞚茧 99鞚� 毵岅赴鞐� 頃措嫻頃╇媹雼�. 頃措嫻 歃濌秾鞚� 韯绊偆 雮� 鞝侁博 韴瀽鞛愲摛鞐愱矊 攵侂箤霐╈潉 韱淀暣 氚办爼霅橃棃瓿� ISIN TRFTCELK2516搿� 霌膘灛霅橃柎 鞛堨姷雼堧嫟. 瓴办牅 韱淀檾電� 韯绊偆 毽澕(TRY)鞚措┌ 歃濌秾鞚� 2025雲� 8鞗� 13鞚� 韴瀽鞛� 瓿勳搿� 鞚挫泊霅╇媹雼�.
鞚措矆 氚滍枆鞚� 歃濌秾瓯半灅靻岇棎 靸侅灔霅橃柎 瓯半灅 臧�電ロ晿氅�, 氚滍枆鞛愲姅 JCR Avrasya搿滊秬韯� 鞛リ赴 甑皜霌标笁 AAA(tr)毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 雼澕 炜犿彴 甑“鞕� 歆ъ潃 毵岅赴電� 鞚挫瀽鞕� 鞗愱笀鞚� 鞝曣赴鞝侅溂搿� 歆�旮夒悩電� 瓴冹澊 鞎勲媹霛� 霃欖澕頃� 歆�旮夓澕鞐� 鞚检嫓 歆�旮夒悳雼る姅 瓴冹潉 鞚橂頃╇媹雼�.
Turkcell a effectu茅 un placement priv茅 d'un titre de financement 脿 court terme libell茅 en TRY pour un montant total de TRY 1 500 000 000, dans le cadre d'un plafond d'茅mission existant de TRY 10 000 000 000. L'instrument est un titre 脿 coupon unique, 脿 taux d'int茅r锚t simple fixe annuel de 41,50% (taux compos茅 annuel 48,18042%), 茅ch茅ance le 20 novembre 2025, soit une dur茅e de 99 jours. Les titres ont 茅t茅 plac茅s aupr猫s d'investisseurs qualifi茅s en Turquie via un book building et sont enregistr茅s sous l'ISIN TRFTCELK2516. Le paiement est libell茅 en livres turques et les titres seront transf茅r茅s sur les comptes des investisseurs le 13 ao没t 2025.
L'茅mission est cot茅e et n茅gociable en bourse et l'茅metteur d茅tient une notation nationale long terme de AAA(tr) attribu茅e par JCR Avrasya. La structure 脿 coupon unique et la courte 茅ch茅ance impliquent que les int茅r锚ts et le capital sont dus 脿 la m锚me date de paiement plut么t que par des paiements p茅riodiques.
Turkcell hat eine Privatplatzierung eines kurzfristigen, in TRY denominierten Finanzierungspapiers in H枚he von insgesamt TRY 1.500.000.000 im Rahmen eines bestehenden Emissionslimits von TRY 10.000.000.000 abgeschlossen. Das Instrument ist ein Wertpapier mit einem einzigen Kupon, fester einfacher Jahresverzinsung von 41,50% (j盲hrlich kapitalisiert 48,18042%), F盲lligkeit am 20. November 2025, entsprechend einer Laufzeit von 99 Tagen. Die Wertpapiere wurden 眉ber Bookbuilding bei qualifizierten Anlegern in der T眉rkei platziert und sind unter der ISIN TRFTCELK2516 registriert. Die Zahlung erfolgt in T眉rkischer Lira (TRY) und die Wertpapiere werden am 13. August 2025 auf die Konten der Investoren 眉bertragen.
Die Emission ist b枚rslich kotiert und handelbar, und der Emittent verf眉gt 眉ber ein nationales Langfrist-Rating von AAA(tr) durch JCR Avrasya. Die Ein-Kupon-Struktur und die kurze Laufzeit bedeuten, dass Zins und Kapital am selben Zahlungstermin f盲llig werden und nicht periodisch gezahlt werden.
- Successfully placed the full nominal amount of TRY 1,500,000,000 through book building to qualified investors
- Issuance conducted within the approved TRY 10,000,000,000 limit, demonstrating use of authorized capacity
- Listed and tradable on the stock exchange with an assigned ISIN (TRFTCELK2516), supporting secondary-market liquidity
- Issuer has a Long Term National Rating AAA(tr) from JCR Avrasya
- High annual simple interest of 41.50% (48.18042% compound) represents a materially costly source of short-term funding
- Short maturity (99 days) concentrates refinancing and principal repayment risk into a near-term date
- Private placement to qualified investors means no public retail offering, limiting broader market participation
Insights
TL;DR: Turkcell placed a short-term, high-yield TRY bill for TRY 1.5bn to qualified investors; routine funding but at a high domestic rate.
The transaction is a standard private placement to qualified investors, executed within the company鈥檚 existing TRY 10bn issuance ceiling. Key terms鈥擳RY 1.5bn nominal, fixed simple interest 41.50%, single coupon, maturity 20 November 2025鈥攊ndicate a short-duration funding instrument designed to raise liquidity quickly. Listing and an ISIN increase secondary-market tradability for investors. From a capital markets perspective this is a routine financing execution that successfully accessed domestic investor appetite for short-term Turkish lira paper.
TL;DR: The issuance secures short-term funding but at a materially high cost and short tenor, which raises refinancing and interest-cost considerations.
The stated annual simple interest of 41.50% (48.18042% annual compound) is a significant funding cost in absolute terms for the 99-day instrument. The single-coupon structure concentrates cash outflows at maturity, creating near-term liquidity and rollover requirements. While the issuer benefits from a Long Term National Rating of AAA(tr), the high coupon and short tenor are relevant for credit monitoring since they affect short-term cash requirements and interest expense profile over the maturity period.
Turkcell ha completato un collocamento privato di un titolo di finanziamento a breve termine denominato in TRY per un importo complessivo di TRY 1.500.000.000, nell'ambito di un limite di emissione esistente di TRY 10.000.000.000. Lo strumento 猫 un titolo con coupon unico, tasso fisso semplice annuo del 41,50% (tasso annuo composto 48,18042%), con scadenza il 20 novembre 2025, corrispondente a una durata di 99 giorni. I titoli sono stati collocati presso investitori qualificati in Turchia tramite book building e sono registrati con ISIN TRFTCELK2516. Il pagamento sar脿 effettuato in lire turche e i titoli saranno trasferiti sui conti degli investitori il 13 agosto 2025.
L'emissione 猫 quotata e negoziabile in borsa e l'emittente detiene una valutazione nazionale a lungo termine di AAA(tr) rilasciata da JCR Avrasya. La struttura a coupon unico e la breve scadenza comportano che interessi e capitale siano dovuti nella stessa data di pagamento, anzich茅 tramite pagamenti periodici.
Turkcell complet贸 una colocaci贸n privada de un t铆tulo de financiaci贸n a corto plazo denominado en TRY por un total de TRY 1.500.000.000, dentro de un l铆mite de emisi贸n existente de TRY 10.000.000.000. El instrumento es un t铆tulo con cup贸n 煤nico, inter茅s simple anual fijo del 41,50% (equivalente anual compuesto 48,18042%), con vencimiento el 20 de noviembre de 2025, correspondiente a un plazo de 99 d铆as. Los valores se colocaron entre inversores cualificados en Turqu铆a mediante book building y est谩n registrados bajo el ISIN TRFTCELK2516. El pago se efectuar谩 en liras turcas y los t铆tulos se transferir谩n a las cuentas de los inversores el 13 de agosto de 2025.
La emisi贸n est谩 cotizada y es negociable en bolsa, y el emisor cuenta con una calificaci贸n nacional a largo plazo de AAA(tr) otorgada por JCR Avrasya. La estructura de cup贸n 煤nico y el corto vencimiento implican que los intereses y el principal se abonan en la misma fecha de pago en lugar de mediante pagos peri贸dicos.
Turkcell鞚� 旮办〈 TRY 10,000,000,000鞚� 氚滍枆頃滊弰 雮挫棎靹� 齑濎暋 TRY 1,500,000,000 攴滊鞚� 雼赴 TRY 響滌嫓 旮堨湹鞏挫潓鞚� 靷搿� 氚滍枆鞚� 鞕勲頄堨姷雼堧嫟. 鞚� 歃濌秾鞚� 雼澕 炜犿彴 甑“搿� 鞐� 瓿犾爼 雼Μ 41.50%(鞐� 氤惦Μ 頇橃偘 48.18042%)鞚措┌, 毵岅赴鞚检潃 2025雲� 11鞗� 20鞚茧 99鞚� 毵岅赴鞐� 頃措嫻頃╇媹雼�. 頃措嫻 歃濌秾鞚� 韯绊偆 雮� 鞝侁博 韴瀽鞛愲摛鞐愱矊 攵侂箤霐╈潉 韱淀暣 氚办爼霅橃棃瓿� ISIN TRFTCELK2516搿� 霌膘灛霅橃柎 鞛堨姷雼堧嫟. 瓴办牅 韱淀檾電� 韯绊偆 毽澕(TRY)鞚措┌ 歃濌秾鞚� 2025雲� 8鞗� 13鞚� 韴瀽鞛� 瓿勳搿� 鞚挫泊霅╇媹雼�.
鞚措矆 氚滍枆鞚� 歃濌秾瓯半灅靻岇棎 靸侅灔霅橃柎 瓯半灅 臧�電ロ晿氅�, 氚滍枆鞛愲姅 JCR Avrasya搿滊秬韯� 鞛リ赴 甑皜霌标笁 AAA(tr)毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 雼澕 炜犿彴 甑“鞕� 歆ъ潃 毵岅赴電� 鞚挫瀽鞕� 鞗愱笀鞚� 鞝曣赴鞝侅溂搿� 歆�旮夒悩電� 瓴冹澊 鞎勲媹霛� 霃欖澕頃� 歆�旮夓澕鞐� 鞚检嫓 歆�旮夒悳雼る姅 瓴冹潉 鞚橂頃╇媹雼�.
Turkcell a effectu茅 un placement priv茅 d'un titre de financement 脿 court terme libell茅 en TRY pour un montant total de TRY 1 500 000 000, dans le cadre d'un plafond d'茅mission existant de TRY 10 000 000 000. L'instrument est un titre 脿 coupon unique, 脿 taux d'int茅r锚t simple fixe annuel de 41,50% (taux compos茅 annuel 48,18042%), 茅ch茅ance le 20 novembre 2025, soit une dur茅e de 99 jours. Les titres ont 茅t茅 plac茅s aupr猫s d'investisseurs qualifi茅s en Turquie via un book building et sont enregistr茅s sous l'ISIN TRFTCELK2516. Le paiement est libell茅 en livres turques et les titres seront transf茅r茅s sur les comptes des investisseurs le 13 ao没t 2025.
L'茅mission est cot茅e et n茅gociable en bourse et l'茅metteur d茅tient une notation nationale long terme de AAA(tr) attribu茅e par JCR Avrasya. La structure 脿 coupon unique et la courte 茅ch茅ance impliquent que les int茅r锚ts et le capital sont dus 脿 la m锚me date de paiement plut么t que par des paiements p茅riodiques.
Turkcell hat eine Privatplatzierung eines kurzfristigen, in TRY denominierten Finanzierungspapiers in H枚he von insgesamt TRY 1.500.000.000 im Rahmen eines bestehenden Emissionslimits von TRY 10.000.000.000 abgeschlossen. Das Instrument ist ein Wertpapier mit einem einzigen Kupon, fester einfacher Jahresverzinsung von 41,50% (j盲hrlich kapitalisiert 48,18042%), F盲lligkeit am 20. November 2025, entsprechend einer Laufzeit von 99 Tagen. Die Wertpapiere wurden 眉ber Bookbuilding bei qualifizierten Anlegern in der T眉rkei platziert und sind unter der ISIN TRFTCELK2516 registriert. Die Zahlung erfolgt in T眉rkischer Lira (TRY) und die Wertpapiere werden am 13. August 2025 auf die Konten der Investoren 眉bertragen.
Die Emission ist b枚rslich kotiert und handelbar, und der Emittent verf眉gt 眉ber ein nationales Langfrist-Rating von AAA(tr) durch JCR Avrasya. Die Ein-Kupon-Struktur und die kurze Laufzeit bedeuten, dass Zins und Kapital am selben Zahlungstermin f盲llig werden und nicht periodisch gezahlt werden.
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 August 2025
Commission File Number: 001-15092
TURKCELL ILETISIM HIZMETLERI A.S.
(Translation of registrant’s name into English)
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 August 13, 2025, announcing the issuance of the registrant's financing bond.
Istanbul, August 13, 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 November 20, 2025, an annual simple interest of 41.50% with a nominal amount of TRY 1,500,000,000 to qualified investors within Türkiye, without a public placement was completed, and the securities will be transferred to the investor accounts on August 13, 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 | : 20.11.2025 |
| Maturity (Day) | : 99 |
| Sale Type | : Sale To Qualified Investor |
| Intended Nominal Amount | : 500,000,000 |
| Intended Maximum Nominal Amount | : 1,500,000,000 |
| 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 | : 12.08.2025 |
| Ending Date of Sale | : 12.08.2025 |
| Nominal Value of Capital Market Instrument Sold | : 1,500,000,000 |
| Maturity Starting Date | : 13.08.2025 |
| Issue Price | : 1 |
| Interest Rate Type | : Fixed |
| Interest Rate - Yearly Simple (%) | : 41.50000 |
| Interest Rate - Yearly Compound (%) | : 48.18042 |
| Traded in the Stock Exchange | : Yes |
| Payment Type | : TL Payment |
| ISIN Code | : TRFTCELK2516 |
| 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 | 20.11.2025 | 19.11.2025 | 20.11.2025 | 11.25616 | |||
| Principal/Maturity Date Payment Amount | 20.11.2025 | 19.11.2025 | 20.11.2025 |
* 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
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 Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TURKCELL ILETISIM HIZMETLERI A.S. | |||
| Date: August 13, 2025 | By: | /s/ Özlem Yardım | |
| Name: | Özlem Yardım | ||
| Title: | Investor Relations Corporate Finance Director | ||
| TURKCELL ILETISIM HIZMETLERI A.S. | |||
| Date: August 13, 2025 | By: | /s/ Kamil Kalyon | |
| Name: | Kamil Kalyon | ||
| Title: | Chief Financial Officer | ||
Source:
FAQ
What did Turkcell (TKC) issue?
What are the key terms of the bill issued by TKC?
Who could buy the securities and how were they sold?
When will investors receive the securities and how is payment made?
Is the issuance tradable and what is the ISIN?
