Türkiye Halk Bankası A.Ş.

Size: px
Start display at page:

Download "Türkiye Halk Bankası A.Ş."

Transcription

1 Türkiye Halk Bankası A.Ş. TRY denominated discounted bill issue with 175 day maturity June, 2015 Halkbank Bills Management Summary (2 nd Tranche) Book-Building Dates: June 1 2 3, 2015

2 Issue Specifics Türkiye Halk Bankası A.Ş. issues 175 day discounted bills for the 2 nd tranche on June 1 2 3, 2015 Amount: TRY750,000,000 (*) Description of the Borrowing Instrument: TRY denominated discounted bills with 175 days to maturity Form of Sale: Public Offering Sole Book Runner: Halk Yatırım Menkul Değerler A.Ş. () Book-building Dates: June 1 2 3, 2015 Maturity of the Borrowing Instrument: 175 days / November 27, 2015 Redemption Plan of the Borrowing Instrument: Bills are discounted securities; the principal amount and the accrued interest shall be paid at maturity. Interest Rate of the Borrowing Instrument: Weighted average compounded interest rate of the Reference Government Debt Instruments + 50 bps (Please check p#3 for details) Minimum Bidding Amount: TRY1,000 nominal Final Yield Announcement Date: June 3, 2015 Issue Results: June 4, 2015 Issue Date: June 5, 2015 Application for Local & Foreign Institutional Investors (Please see p#4 for details): Institutional investors are able only apply via Halk Yatırım Menkul Değerler A.Ş. (). Please find the contact details for the Halk Invest Corporate Finance&Advisory department on the Page #5. Allocations according to investor types: The bills issued via public offering will be offered to domestic retail and institutional investors as well as International Institutional investors. 50% of the offering shall be allocated to domestic retail and 50% of the offering shall be allocated to both domestic and foreign institutional investors. The allocation process will be completed after a consultation between the sole book runner () and the issuer (Halkbank) in which Halkbank is authorized to finalize the allocations of the issued bills by considering the relevant regulations. Listing: BIAS Debt Securities Market Outright Purchases and Sales Market (**) (*) The Public Offering volume may increase up to TRY1,000,000,000 nominal depending on the total amount of bids for the bills. (**) Depending on the BIAS Board of Directors approval. 2

3 Price Determination Reference Government Debt Instruments to be used when calculating the interest rate of the bills (with 175 days to maturity): TRT181115T18 maturing on November 18 th, 2015 and TRT161215T19 maturing on December 16 th, 2015 Two observation periods shall be taken into consideration to calculate the bill yield. Higher yield of; First Observation Period: The aritmatic average of the daily trading volume-weighted average annual compounded yield of the abovementioned government bills in the BIAS Debt Securities Market Outright Purchases and Sales Market on May 28 29, 2015 or Second Observation Period: The aritmatic average of the daily trading volume-weighted average annual compounded yield of the abovementioned government bills in the BIAS Debt Securities Market Outright Purchases and Sales Market on June 1 2 3, If the aritmatic average of the weighted average annual compounded yields of the second observation period is higher than the yield calculated by using the same method and announced on May 29, 2015 then this yield shall be considered as a basis in the calculation of the final interest rate of the bills. If this is not the case, the yield of the first observation period will be applicable for the final interest rate calculation. The Interpolation method shall be applied for the benchmark yield calculation. An additional 50 basis points shall be added to the benchmark yield, in order to determine the interest rate of the bills. The indicative interest rate (calculated by the end of the first observation preiod) for the issued bills shall be announced before the book-building process on May 29, 2015 via the Public Disclosure Platform; and the issuer s book runner s webpage. 3

4 Application Institutional Investors Institutional investors can only apply through Halk Yatırım Menkul Değerler A.Ş. (). Please find the contact details for the Corporate Finance department on the Page #5. Institutional Investors are not obliged to open an account at or Halkbank if they have an active investment account at other Turkish brokerage houses, banks or a custodian banks in Turkey. The final bidding forms for the demanded bills must be submitted by the June 3, :00 PM Istanbul time (14:00 PM GMT). The institutional investors are not obliged to pay the bid amount at the time of the bid. Following the preparation of the distribution list by and the approval of the list by Halkbank, the bank shall announce the final distributed amount of bills to each client. Correspondingly, the institutional investors are required to make the payment for the bills that they are entitled to have, on June 5, 2015 by 12:00 PM Istanbul time (10:00 AM GMT). Following the finalisation of the book-building, institutional investors do not have the right to cancel their bids and are obliged to make payments to for the bills that they are entitled to. Institutional investors shall also provide the required documents (including but not limited to): 1. Certificate of Fiscal Residence (which shall be required, if the client does not already have a tax number granted by the Turkish Tax Administration) 2. Certificate of Incorporation (The document must be issued by the official registrar of the institutional investor s base country and it must be translated into Turkish by a sworn interpreter. Additionally, the document must include the signatory circular (for the authorised person) and should be approved by a Turkish notary) 3. Certificate of Good Standing 4. Information about Tax Agent (or Tax Representative) and Tax Number 5. Settlement and Custody Account Details in Turkey The amount of the public debt instrument shall be deposited to the following bank account: Türkiye Halk Bankası A.Ş. Salıpazarı Commercial Branch (454) IBAN: TR

5 Contacts Uğur Deniz Şahin Halkbank Manager Treasury Operations Tel Tülin Meşeli Karadağ Manager Institutional Sales Tel Ali İhsan Çamcı Director Treasury Tel Ömer Gülser Senior Vice President Corporate Finance Tel Halk Yatırım Menkul Değerler A.Ş. Halide Edip Adıvar Mah. Darülaceze Cad. No:20 Kat: Şişli - İstanbul Tel : +90 (212) Fax : +90 (212) Web:

Recent Developments in Turkish Sukuk Market. Reşat ADIGÜZEL Chief Specialist October 1, 2013

Recent Developments in Turkish Sukuk Market. Reşat ADIGÜZEL Chief Specialist October 1, 2013 Recent Developments in Turkish Sukuk Market Reşat ADIGÜZEL Chief Specialist October 1, 2013 Legal Milestones I April 1, 2010 Capital Markets Board Communiqué (Series: III, No: 43) Communiqué regulates

More information

Teaser. January 2015

Teaser. January 2015 Teaser January 2015 Enquiries All communications and enquiries related to this document should be directed to Citi and Halk Yatırım. Under no circumstances should any employee of Halkbank and Halk Sigorta

More information

REGULATED INFORMATION

REGULATED INFORMATION Cofinimmo launches an offering of convertible bonds for an amount of up to approximately 220million EUR and the repurchase of its outstanding 190.8 million EUR 2.00% convertible bonds due 2018 Cofinimmo

More information

Introduction to Fixed Income (IFI) Course Syllabus

Introduction to Fixed Income (IFI) Course Syllabus Introduction to Fixed Income (IFI) Course Syllabus 1. Fixed income markets 1.1 Understand the function of fixed income markets 1.2 Know the main fixed income market products: Loans Bonds Money market instruments

More information

TREASURY BILL INFORMATION MEMORANDUM

TREASURY BILL INFORMATION MEMORANDUM TREASURY BILL INFORMATION MEMORANDUM OCTOBER 2008 I N DE X 1 INTRODUCTION... 2 2 DESCRIPTIONS... 2 2.1 Treasury Bills... 2 2.2 Issuer... 2 2.3 Issuing Agent... 2 2.4 Registrar and Settlement Agent... 2

More information

Teaser. January 2015

Teaser. January 2015 Teaser January 5 Enquiries All communications and enquiries related to this document should be directed to Citi and Halk Yatırım. Under no circumstances should any employee of Halkbank and Halk Emeklilik

More information

Subcommittee on Proposed Resolutions under Section 29 of the Public Finance Ordinance (Cap. 2) and Section 3 of the Loans Ordinance (Cap.

Subcommittee on Proposed Resolutions under Section 29 of the Public Finance Ordinance (Cap. 2) and Section 3 of the Loans Ordinance (Cap. CB(1)1662/08-09(02) Subcommittee on Proposed Resolutions under Section 29 of the Public Finance Ordinance (Cap. 2) and Section 3 of the Loans Ordinance (Cap. 61) Supplementary Information Purpose This

More information

Socialist Republic of Vietnam Independence Liberty - Happiness No: 141/2003/ND-CP Hanoi, November 20, 2003

Socialist Republic of Vietnam Independence Liberty - Happiness No: 141/2003/ND-CP Hanoi, November 20, 2003 Government Socialist Republic of Vietnam Independence Liberty - Happiness No: 141/2003/ND-CP Hanoi, November 20, 2003 The Government Decree by the Government On issuance of Government Bonds Government

More information

Content. 15 An Example of FX Option Trade. 3 About 4 Fast, Transparent, Liquid ve Secure Investment Environment. 16 An Example of FX Option Trade

Content. 15 An Example of FX Option Trade. 3 About 4 Fast, Transparent, Liquid ve Secure Investment Environment. 16 An Example of FX Option Trade FX DERIVATIVES Content 3 About 4 Fast, Transparent, Liquid ve Secure Investment Environment 5 When Trading a FX Contract, One Buys/ Sells the Amount of Contract Size 6 In, Contract Expiry Months Are Standard

More information

Unofficial English translation

Unofficial English translation Annex 3.0. GENERAL DESCRIPTION OF THE TAX ASPECTS OF THE X/N SETTLEMENT SYSTEM Taxation rules for the operation of the settlement system mentioned in Article 1 (1) of the Law of 6 August 1993 on transactions

More information

EUROBOND TRANSACTIONS CONCLUDED IN APRIL AND MAY 2014: SEVENTH VOLUNTARY DEBT EXCHANGE OFFER & NEW CASH ISSUANCE AND PRIVATE PLACEMENT WITH AUDI BANK

EUROBOND TRANSACTIONS CONCLUDED IN APRIL AND MAY 2014: SEVENTH VOLUNTARY DEBT EXCHANGE OFFER & NEW CASH ISSUANCE AND PRIVATE PLACEMENT WITH AUDI BANK EUROBOND TRANSACTIONS CONCLUDED IN APRIL AND MAY 2014: SEVENTH VOLUNTARY DEBT EXCHANGE OFFER & NEW CASH ISSUANCE AND PRIVATE PLACEMENT WITH AUDI BANK A Brief Note I. SEVENTH VOLUNTARY DEBT EXCHANGE OFFER

More information

Corporate bond issuance news

Corporate bond issuance news Corporate bond issuance news 107 28.04.2014 Corporate bond issuances New applications for corporate bond issuances are as follows: Application to the Capital Markets Board Company Type of instrument Nominal

More information

Company Formation in Turkey

Company Formation in Turkey Company Formation in Turkey At Ketenci&Ketenci we regularly assist foreign corporations and investors to form new companies and branches in Turkey. Thanks to the Turkish Direct Foreign Investment regulation;

More information

REPUBLIC OF TURKEY Capital Markets Board of Turkey

REPUBLIC OF TURKEY Capital Markets Board of Turkey REPUBLIC OF TURKEY Capital Markets Board of Turkey Number : 32992422-220.02-1333 8897 26/08/2013 Subject : Derivative Instruments Risk Notification Form THE ASSOCIATION OF CAPITAL MARKET INTERMEDIARY INSTITUTIONS

More information

National Debt Management Agency

National Debt Management Agency National Debt Management Agency AGREEMENT REGARDING ISSUANCE AND MARKET MAKING IN GOVERNMENT SECURITIES This is an English version of the original agreement regarding issuance and market making in Government

More information

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED APPLICABLE PRICING SUPPLEMENT OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1999/004643/06) Issue

More information

FITCH REVISES OUTLOOK ON TURKISH BANKS TO STABLE FOLLOWING SIMILAR ACTION ON SOVEREIGN

FITCH REVISES OUTLOOK ON TURKISH BANKS TO STABLE FOLLOWING SIMILAR ACTION ON SOVEREIGN FITCH REVISES OUTLOOK ON TURKISH BANKS TO STABLE FOLLOWING SIMILAR ACTION ON SOVEREIGN Fitch Ratings-Istanbul/Paris/London-28 November 2011: Fitch Ratings has revised the Outlook to Stable from on the

More information

Government Debt Management SAMPLE AGREEMENT CONCERNING ISSUANCE OF TREASURY SECURITES AND MARKET MAKING IN THE SECONDARY MARKET

Government Debt Management SAMPLE AGREEMENT CONCERNING ISSUANCE OF TREASURY SECURITES AND MARKET MAKING IN THE SECONDARY MARKET Government Debt Management SAMPLE AGREEMENT CONCERNING ISSUANCE OF TREASURY SECURITES AND MARKET MAKING IN THE SECONDARY MARKET Agreement concerning issuance of Treasury securities and market making in

More information

H1 2012 Earnings Presentation. BRSA Bank Only

H1 2012 Earnings Presentation. BRSA Bank Only BRSA Bank Only Macro Outlook Q1 GDP growth at 3.2%, mostly backed by net exports. Budget deficit was TRY 6.7 billion in H1 12, one third of Latest GDP figure is supportive of the soft landing the government

More information

EVLI SWEDEN EQUITY INDEX FUND

EVLI SWEDEN EQUITY INDEX FUND EVLI SWEDEN EQUITY INDEX FUND FUND-SPECIFIC RULES The fund rules consist of fund-specific rules and common rules based on the UCITS IV Directive. 1 The Fund The name of the mutual fund will be Sijoitusrahasto

More information

AGREEMENT. between the Ministry of Finance and Central Bank Iceland on Treasury debt management

AGREEMENT. between the Ministry of Finance and Central Bank Iceland on Treasury debt management AGREEMENT between the Ministry of Finance and Central Bank Iceland on Treasury debt management 1. Foundation of the Agreement Pursuant to Article 1 of the Act on the Government Debt Management, no. 43/1990,

More information

Content. About VIOP. Borsa İstanbul : Fast, transparent, liquid and secure investment environment

Content. About VIOP. Borsa İstanbul : Fast, transparent, liquid and secure investment environment GOLD FUTURES Content 3 4 6 About VIOP Borsa İstanbul : Fast, transparent, liquid and secure investment environment Contract Size Amount of Gold Is Traded Through a Gold Futures Contract 7 Contract Months

More information

CONSUMER PRICE INDEX (CPI) INDEXED GOVERNMENT BONDS

CONSUMER PRICE INDEX (CPI) INDEXED GOVERNMENT BONDS REPUBLIC OF TURKEY PRIME MINISTRY UNDERSECRETARIAT OF TREASURY CONSUMER PRICE INDEX (CPI) INDEXED GOVERNMENT BONDS INVESTORS GUIDE DECEMBER 2009 TABLE OF CONTENTS I. GENERAL ISSUES... 1 II. TERMS OF THE

More information

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED APPLICABLE PRICING SUPPLEMENT OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1999/004643/06) Issue

More information

Nasdaq Baltic Market COMPANY PROFILE FOR SUCCESSFUL BOND ISSUE

Nasdaq Baltic Market COMPANY PROFILE FOR SUCCESSFUL BOND ISSUE Nasdaq Baltic Market COMPANY PROFILE FOR SUCCESSFUL BOND ISSUE FOREWORD For fast growing companies seeking to raise capital, a bond issue can be one way to fund its growth. In the long run, a financing

More information

GUIDELINES FOR PARTICIPATION IN PRIMARY AND SECONDARY MARKETS FOR TREASURY BONDS

GUIDELINES FOR PARTICIPATION IN PRIMARY AND SECONDARY MARKETS FOR TREASURY BONDS GUIDELINES FOR PARTICIPATION IN PRIMARY AND SECONDARY MARKETS FOR TREASURY BONDS GUIDELINES FOR PARTICIPATION IN PRIMARY AND SECONDARY MARKETS FOR TREASURY BONDS TREASURY BONDS MARKET IN TANZANIA 1.0

More information

RUTGERS POLICY. Revisions: 7/1/2013; 10/10/2013 (Updated title); 9/3/2014 (Changes in roles and investment portfolio definitions)

RUTGERS POLICY. Revisions: 7/1/2013; 10/10/2013 (Updated title); 9/3/2014 (Changes in roles and investment portfolio definitions) RUTGERS POLICY Section: 40.2.19 Section Title: Fiscal Management Policy Name: Investment Policy for the Short Term Investments Formerly Book: N/A Approval Authority: Senior Vice President for Finance and

More information

RESOLUTION ON INTEREST POLICY FOR 2014

RESOLUTION ON INTEREST POLICY FOR 2014 Pursuant to Article 32 of the Statute of Čačanska banka a.d. Čačak, at the proposal of the Board of Directors of 25.04.2014, the Shareholders Assembly at the 32 nd regular meeting held on 05.06.2014 passes

More information

JPMORGAN CHASE & CO. ( Issuer )

JPMORGAN CHASE & CO. ( Issuer ) Pricing Supplement JPMORGAN CHASE & CO. ( Issuer ) A$65,000,000 4.50% Fixed Rate Medium Term Notes due 30 January 2026 A$10,000,000,000 (in respect of Notes issued by JPMorgan Chase & Co.) Debt Issuance

More information

GUIDELINES FOR THE ISSUANCE AND TRANSFER OF SIERRA LEONE GOVERNMENT TREASURY BILLS

GUIDELINES FOR THE ISSUANCE AND TRANSFER OF SIERRA LEONE GOVERNMENT TREASURY BILLS GUIDELINES FOR THE ISSUANCE AND TRANSFER OF SIERRA LEONE GOVERNMENT TREASURY BILLS 1. GENERAL a) Issuer and description Government of Sierra Leone Treasury Bills (T/Bills) are issued by the Bank of Sierra

More information

Statistics and Risk Management

Statistics and Risk Management Statistics and Risk Management Forecast Data Video URL: jukebox.esc13.net/untdeveloper/videos/forecast%20data.mov Vocabulary List: Capital Structure: how a company organizes its debt-to-equity ratio Bonds:

More information

Investors in the D share class of the Contributing Fund will be moved into the A1 share class of the Receiving Fund

Investors in the D share class of the Contributing Fund will be moved into the A1 share class of the Receiving Fund Schroder Alternative Solutions Société d'investissement à Capital Variable 5, rue Höhenhof, L-1736 Senningerberg Grand Duchy of Luxembourg Tel : (+352) 341 342 202 Fax : (+352) 341 342 342 18 May 2016

More information

State budget borrowing requirements financing plan and its background May 2013

State budget borrowing requirements financing plan and its background May 2013 Public Debt Department State budget borrowing requirements financing plan and its background May 2013 THE MOST IMPORTANT INFORMATION Monthly issuance calendar... 2 Record high level of foreign investors'

More information

Investors Chronicle Roadshow 2011. Trading Bonds on the London Stock Exchange

Investors Chronicle Roadshow 2011. Trading Bonds on the London Stock Exchange Investors Chronicle Roadshow 2011 Trading Bonds on the London Stock Exchange Agenda How do bonds work? Risks associated with bonds Order book for Retail Bonds London Stock Exchange Website Tools 2 How

More information

Turkiye IS Bankasi A.S. (ISATR) : Company Profile and SWOT Analysis

Turkiye IS Bankasi A.S. (ISATR) : Company Profile and SWOT Analysis Brochure More information from http://www.researchandmarkets.com/reports/2320329/ Turkiye IS Bankasi A.S. (ISATR) : Company Profile and SWOT Analysis Description: This "Turkiye IS Bankasi A.S. (ISATR)

More information

2. Definitions of Terms

2. Definitions of Terms PUBLIC DEBT LAW I. GENERAL PROVISIONS 1. Subject of the Law Article 1 This Law regulates conditions, manner and procedure under which the Republic of Serbia (hereinafter referred to as: the Republic) may

More information

Markit iboxx Japan Sovereign Index Guide

Markit iboxx Japan Sovereign Index Guide Markit iboxx Japan Sovereign February 2014 Table of Contents 1 Markit iboxx Japan Sovereign Indices... 4 1.1 Index family structure... 4 1.2 Publication of the Markit iboxx Japan Sovereign Indices... 4

More information

Turkey Domestic Corporate Bond Markets

Turkey Domestic Corporate Bond Markets Turkey Domestic Corporate Bond Markets April 2011 Corporate Bond Market Development in Turkey Priorities and Changes Istanbul, Turkey G. Meltem Kökden T.İş Bankası A.Ş 1 Domestic Corporate Bond Markets

More information

Application Requirements for MBA and MS programs of Istanbul University, Graduate School of Business

Application Requirements for MBA and MS programs of Istanbul University, Graduate School of Business Application Requirements for MBA and MS programs of Istanbul University, Graduate School of Business The list of education programs offered in Istanbul University, Graduate School of Business is given

More information

NOTES TO THE FINANCIAL STATEMENTS... 6-53

NOTES TO THE FINANCIAL STATEMENTS... 6-53 CONTENTS PAGE NUMBERS STATEMENT OF FINANCIAL POSITION... 1-2 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME... 3 STATEMENT OF CHANGES IN EQUITY... 4 STATEMENT OF CASH FLOWS... 5... 6-53 NOTE

More information

Lansing Board of Water and Light Employees Defined Contribution Pension Plan. Financial Report with Supplemental Information June 30, 2012

Lansing Board of Water and Light Employees Defined Contribution Pension Plan. Financial Report with Supplemental Information June 30, 2012 Employees Defined Contribution Pension Plan Financial Report with Supplemental Information June 30, 2012 Contents Report Letter 1-2 Management s Discussion and Analysis 3-4 Basic Financial Statements Statement

More information

Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. Kavacık Rüzgarlı Bahçe Mah. Kavak Sok. No: 3 Beykoz 34805 İstanbul

Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. Kavacık Rüzgarlı Bahçe Mah. Kavak Sok. No: 3 Beykoz 34805 İstanbul 88 TSKB Annual Report 2013 Unconsolidated Independent Auditors Report (Convenience Translation of Unconsolidated Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)

More information

NEW ZEALAND Government Bonds

NEW ZEALAND Government Bonds NEW ZEALAND Government Bonds I N F O R M A T I O N M E M O R A N D UM B O N D D E S C R I P T I O N New Zealand Government Bonds ( the Bonds ) are New Zealand Dollar bonds with a fixed coupon which is

More information

9.05 AAA(Trk)/aa (STABLE)

9.05 AAA(Trk)/aa (STABLE) Corporate Governance Score & Outlook Corporate Governance Rating Report This Report has been prepared by JCR-ER in compliance to the regulations of Capital Market Board of Turkey Shareholders Public Disclosure

More information

Obbligazionari in lire turche Società Var% a 1 anno Var% a 3 anni Var% a 5 anni Patrimonio Data

Obbligazionari in lire turche Società Var% a 1 anno Var% a 3 anni Var% a 5 anni Patrimonio Data Azionari Turchia Società Var% a 1 anno Var% a 3 anni Var% a 5 anni Patrimonio Data JPM Turkey Equity A Dis EUR JPMorgan 28,31 27,98 31/12/2013 ESPA STOCK ISTANBUL EUR A Erste Sparinvest 34,22 31,44 78,07

More information

Introduction to Bond Math Presentation to CDIAC

Introduction to Bond Math Presentation to CDIAC October 2, 2008 Peter Taylor, Managing Director, Public Finance Department Matthew Koch, Vice President, Public Finance Department Introduction to Bond Math Presentation to CDIAC Agenda Agenda I. What

More information

THE LOAN CONSOLIDATION AND INVESTMENT RESERVE (LCIR)

THE LOAN CONSOLIDATION AND INVESTMENT RESERVE (LCIR) Appendix 8 THE LOAN CONSOLIDATION AND INVESTMENT RESERVE (LCIR) Contents Page Introduction 94 LCIR Holdings of CGS 94 1998-99 Activities of the LCIR 95 Tables Table 1: LCIR Investments at 30 June 1999

More information

Due to the New Year s holiday, the State Treasurer s Office, Fed wire service, and Oregon banks will be

Due to the New Year s holiday, the State Treasurer s Office, Fed wire service, and Oregon banks will be LOCAL GOVERNMENT NEWS REPORT December 2008 INTEREST RATES The average annualized yield for November was 2.4267%. The rates for November were as follows: November 1 st 13 th 2.50% November 14 th 25 th 2.40%

More information

2014-2015 Academic Year Fall Semester Conditions and Quota for Application for Graduate School of Natural Sciences PhD Programs

2014-2015 Academic Year Fall Semester Conditions and Quota for Application for Graduate School of Natural Sciences PhD Programs 2014-2015 Academic Year Fall Semester Conditions and Quota for Application for Graduate School of Natural Sciences PhD Programs Date and Place of Application Application Period Application documents have

More information

MERGER AGREEMENT. Article 1 :

MERGER AGREEMENT. Article 1 : MERGER AGREEMENT This Merger Agreement is made by and between Efes Sınai Yatırım Holding A.Ş. ( Efes Sınai ) registered with the Istanbul Trade Registry Office under no. 306766-254348 having its principle

More information

FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS.

FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS. FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS December 31, 2014 Investment Adviser: MATSON MONEY, INC. 5955 Deerfield

More information

Transactions Reported by U.S. Banks and Securities Brokers

Transactions Reported by U.S. Banks and Securities Brokers 108 Transactions Reported by U.S. Banks and Securities Brokers In this section: Coverage and definitions Estimation methods overview U.S. claims reported by U.S. banks and securities brokers Own accounts

More information

i T-bill (dy) = $10,000 - $9,765 360 = 6.768% $10,000 125

i T-bill (dy) = $10,000 - $9,765 360 = 6.768% $10,000 125 Answers to Chapter 5 Questions 1. First, money market instruments are generally sold in large denominations (often in units of $1 million to $10 million). Most money market participants want or need to

More information

Debt Portfolio Management Quarterly Report

Debt Portfolio Management Quarterly Report Ministry of Finance Debt and Financial Assets Management Department Debt Portfolio Management Quarterly Report First Half of 2015 17 July 2015 Ministry of Finance Debt Portfolio Management Quarterly Report

More information

MERKEZI KAYIT KURULUSU

MERKEZI KAYIT KURULUSU MERKEZI KAYIT KURULUSU FEE SCHEDULE GUIDELINES Page 1 / 21 CONTENTS I. GENERAL PRINCIPLES... 3 II. MEMBERSHIP ENTRANCE... 5 III. INVESTOR ACCOUNT OPENING AND ACCOUNT MAINTENANCE SERVICES... 6 IV. DEMATERIALIZED

More information

Debt securities statistics: the Bank of Thailand s experience 1

Debt securities statistics: the Bank of Thailand s experience 1 Debt securities statistics: the Bank of Thailand s experience 1 Pusadee Ganjarerndee 2 Significant role of debt securities on the Thai economy Prior to the 1997 financial crisis, most capital mobilization

More information

6-Year USD Call Spread Notes on the 5 Year USD Swap Rate

6-Year USD Call Spread Notes on the 5 Year USD Swap Rate 6-Year USD Call Spread Notes on the 5 Year USD Swap Rate - NON-US INVESTORS ONLY - - PRIVATE PLACEMENT ONLY - NO PUBLIC DISTRIBUTION - Final Termsheet as of November 2, 2015 (Version 2.00) All material

More information

We endeavor to maximize returns.

We endeavor to maximize returns. We endeavor to maximize returns. Ayşegül Özel Yapı Kredi Bankası Private Banking Portfolio Manager Erdoğan Yücel Yapı Kredi Emeklilik Sales Manager FInance 4 th largest private bank (asset size) Leader

More information

SUCH ISSUE OR DISTRIBUTION (INCLUDING BY ELECTRONIC DISSEMINATION) MAY BE PROHIBITED BY FOREIGN LAW.

SUCH ISSUE OR DISTRIBUTION (INCLUDING BY ELECTRONIC DISSEMINATION) MAY BE PROHIBITED BY FOREIGN LAW. THE GOVERNMENT OF JAMAICA HAS ISSUED THIS INFORMATION MEMORANDUM TO RESIDENTS OF JAMAICA ONLY AND HAS NOT AUTHORIZED ANY PERSON TO ISSUE OR DISTRIBUTE THIS INFORMATION MEMORANDUM OUTSIDE OF JAMAICA. SUCH

More information

Hong Kong Monetary Authority

Hong Kong Monetary Authority 28 May 2013 IMPORTANT INFORMATION Investors should read this Information Memorandum carefully (as amended or supplemented from time to time) and ensure that they fully understand the risks associated with

More information

News Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President and Treasurer Phone: (229) 873-3830 gkirkland@sgfc.

News Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President and Treasurer Phone: (229) 873-3830 gkirkland@sgfc. Southwest Georgia Financial Corporation 201 First Street S.E. Moultrie, GA 31768 PH: (229) 985-1120 FX: (229) 985-0251 News Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President

More information

REGULATION ON DEPOSITS AND PARTICIPATION FUNDS SUBJECT TO INSURANCE AND PREMIUMS COLLECTED BY SAVING DEPOSITS INSURANCE FUND

REGULATION ON DEPOSITS AND PARTICIPATION FUNDS SUBJECT TO INSURANCE AND PREMIUMS COLLECTED BY SAVING DEPOSITS INSURANCE FUND () () REGULATION ON DEPOSITS AND PARTICIPATION FUNDS SUBJECT TO INSURANCE AND PREMIUMS COLLECTED BY SAVING DEPOSITS INSURANCE FUND Published in issue 226339 of the Official Gazette dated November 7, 2006

More information

Guidelines for central government debt management 2015

Guidelines for central government debt management 2015 12 March 2015 Guidelines for central government debt management 2015 The debt management is regulated by the Budget Act (2011:203), Ordinance (2007:1447) containing Instructions for the National Debt Office

More information

950,000,000 n/a n/a 0 per cent. 2 Any and all. Interpolated Mid-Swap Rate 0 bps n/a

950,000,000 n/a n/a 0 per cent. 2 Any and all. Interpolated Mid-Swap Rate 0 bps n/a PROXIMUS, SA de droit public/nv van publiek recht (formerly Belgacom, S.A. de droit public) announces Tender Offer for certain of its Debt Securities NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED

More information

Public Debt and Cash Management

Public Debt and Cash Management Federation of European Accountants Federation of European Accountants Fédération Fédération des Experts des Experts comptables comptables Européens Européens Public Sector Public Debt and Cash Management

More information

Money Market Reform Communication Series

Money Market Reform Communication Series leadership series MARKET PERSPECTIVES Money Market Reform Communication Series Money Market Mutual Fund Reform 2014: Key Changes Ahead August 2014 On July 23, 2014, the Securities and Exchange Commission

More information

DTDC is a new RMB product development initiative introduced by HKEx.

DTDC is a new RMB product development initiative introduced by HKEx. 1. What is Dual Tranche, Dual Counter (DTDC)? DTDC is a new RMB product development initiative introduced by HKEx. Under the DTDC model, the same issuer can offer simultaneous initial public offer and

More information

HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund )

HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund ) PRODUCT KEY FACTS HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund ) Issuer: HFT Investment Management (HK) Limited April 2015 This statement provides you with key

More information

Series of Shares B, B-6, E, F, F-6, O B, E, F, O O A, B

Series of Shares B, B-6, E, F, F-6, O B, E, F, O O A, B No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. The Funds and their securities offered under this Annual Information Form are

More information

International Brokerage. Topics Introduction Important Information Key Terminologies Account Opening System Specifications Disclosures

International Brokerage. Topics Introduction Important Information Key Terminologies Account Opening System Specifications Disclosures International Brokerage Topics Introduction Important Information Key Terminologies Account Opening System Specifications Disclosures Introduction Securities Brokerage at Citibank N.A., UAE Branch is a

More information

CERTIFICATE OF DEPOSIT DISCLOSURE STATEMENT April 2014

CERTIFICATE OF DEPOSIT DISCLOSURE STATEMENT April 2014 The information contained in this Disclosure Statement may not be modified by any oral representation made prior or subsequent to the purchase of your Certificate of Deposit. CERTIFICATE OF DEPOSIT DISCLOSURE

More information

DWS (CH) Money Market Umbrella Fund

DWS (CH) Money Market Umbrella Fund DWS (CH) Money Market Umbrella Fund Simplified Prospectus Umbrella fund under Swiss law (Type Other funds for traditional investments ) June 2012 Simplified prospectus as of June 2012 Simplified prospectus

More information

İŞ FACTORING FİNANSMAN HİZMETLERİ ANONİM ŞİRKETİ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008

İŞ FACTORING FİNANSMAN HİZMETLERİ ANONİM ŞİRKETİ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 İŞ FACTORING FİNANSMAN HİZMETLERİ ANONİM ŞİRKETİ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 (Translated into English from the Original Turkish Report). CONVENIENCE TRANSLATION OF THE INDEPENDENT

More information

Numbered 2010/11 Prime Ministry Circular about Istanbul International Finance Center Administrative Structure was published in the Official Gazette

Numbered 2010/11 Prime Ministry Circular about Istanbul International Finance Center Administrative Structure was published in the Official Gazette Numbered 2010/11 Prime Ministry Circular about Istanbul International Finance Center Administrative Structure was published in the Official Gazette dated May 1, 2010 and numbered 27568. UNOFFICIAL TRANSLATION

More information

Ameriprise Certificates

Ameriprise Certificates PROSPECTUS Ameriprise Certificates Prospectus April 29, 2015 Cash strategies to manage your financial future Ameriprise Cash Reserve Certificate Ameriprise Flexible Savings Certificate Ameriprise Step-Up

More information

FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS FREQUENTLY ASKED QUESTIONS The following Frequently Asked Questions (FAQ) are drafted based on TSX Private Markets current business model and operations. The responses to the FAQ are subject to change

More information

Report/Dissemination System for Information of. Corporate Bond Transactions

Report/Dissemination System for Information of. Corporate Bond Transactions Report/Dissemination System for Information of Corporate Bond Transactions October 20, 2015 When Japan had no system for disseminating execution prices of OTC corporate bond transactions,

More information

CHAPTER 11 NOMINEE SERVICES

CHAPTER 11 NOMINEE SERVICES 11/1 CHAPTER 11 NOMINEE SERVICES 1101. Scope and extent of nominee and similar services Subject to the Rules, applicable laws and applicable regulatory approval, in respect of Eligible Securities deposited

More information

RULES ON MANAGEMENT OF FOREIGN CURRENCYASSETS OF THE STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

RULES ON MANAGEMENT OF FOREIGN CURRENCYASSETS OF THE STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN RULES ON MANAGEMENT OF FOREIGN CURRENCYASSETS OF THE STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN Including the addendums and amendments according to the Decrees of the President of the Republic of Azerbaijan

More information

CHAPTER TWO General Principles

CHAPTER TWO General Principles :: Regarding Board Recognition and Trading of Financial Intermediary Warrants... Page 1/10 2.13.2. COMMUNIQUÉ ON THE PRINCIPLES REGARDING THE BOARD REGISTRATION AND TRADING OF COVERED WARRANTS (Series:

More information

THE U.S. DOLLAR FUND

THE U.S. DOLLAR FUND THE U.S. DOLLAR FUND SUPPLEMENT DATED 14 NOVEMBER 2012 TO THE PROSPECTUS DATED 14 NOVEMBER 2012 FOR NORTHERN TRUST GLOBAL FUNDS PLC 1 2 03 Supplement dated 14 November 2012 to the Prospectus dated 14 November

More information

FREQUENTLY ASKED QUESTIONS ON THE ROYTRIN HIGH YIELD FUND

FREQUENTLY ASKED QUESTIONS ON THE ROYTRIN HIGH YIELD FUND FREQUENTLY ASKED QUESTIONS ON THE ROYTRIN HIGH YIELD FUND 1. What is the Roytrin High Yield Fund? The Roytrin High Yield Fund is an open-ended mutual fund that specifically targets individuals seeking

More information

The First Islamic ETF: Turkey s Experience

The First Islamic ETF: Turkey s Experience OIC Member States Stock Exchanges Forum 5th Meeting with Capital Market Linkages & Technology Seminar Istanbul, September 17 th -18 th, 2011 The First Islamic ETF: Turkey s Experience Issuer: BMD Securities

More information

The Bond Fund of America

The Bond Fund of America The Bond Fund of America Summary prospectus March 1, 2015 Class A B C F-1 F-2 529-A 529-B 529-C 529-E ABNDX BFABX BFACX BFAFX ABNFX CFAAX CFABX CFACX CFAEX 529-F-1 R-1 R-2 R-2E R-3 R-4 R-5 R-6 CFAFX RBFAX

More information

Prospectus Ginnie Mae I Construction and Permanent Loan Securities

Prospectus Ginnie Mae I Construction and Permanent Loan Securities Prospectus Ginnie Mae I Construction and Permanent Loan Securities U.S. Department of Housing and Urban Development Government National Mortgage Association Estimated Amount $ % Ginnie Mae I Mortgage-Backed

More information

Agreement between the Ministry of Finance and Central Bank of Iceland on Treasury debt management

Agreement between the Ministry of Finance and Central Bank of Iceland on Treasury debt management Agreement between the Ministry of Finance and Central Bank of Iceland on Treasury debt management 1. Foundation of the Agreement Under Article 1 of Act No. 43/1990 on the National Debt Management Agency,

More information

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

NATIONAL STOCK EXCHANGE OF INDIA LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED Capital Market FAQ on Corporate Bond Date : September 29, 2011 1. What are securities? Securities are financial instruments that represent a creditor relationship

More information

Detailed Delivery Rules of China Financial Futures Exchange for. 5-year Treasury Bond Futures Contract

Detailed Delivery Rules of China Financial Futures Exchange for. 5-year Treasury Bond Futures Contract Detailed Delivery Rules of China Financial Futures Exchange for 5-year Treasury Bond Futures Contract (Implemented on August 30, 2013; amended for the first time on July 1, 2015) Chapter I General Provisions

More information

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA INVESTMENT DIMENSIONS GROUP INC. PROSPECTUS February 28, 2015 Please carefully read the important information it contains before investing. DFA INVESTMENT DIMENSIONS GROUP INC. DFA ONE-YEAR FIXED INCOME PORTFOLIO Ticker: DFIHX DFA TWO-YEAR

More information

Financial services guide

Financial services guide Financial services guide Third Party Platform Pty Ltd (ABN 74 121 227 905) AFSL No 314341 Participant of the ASX Group This Financial Services Guide ( FSG ) has been provided to you by Third Party Platform

More information

Hong Kong Monetary Authority

Hong Kong Monetary Authority 29 January 2014 IMPORTANT INFORMATION Investors should read this Information Memorandum carefully (as amended or supplemented from time to time) and ensure that they fully understand the risks associated

More information

POST-RESTRUCTURING DATE NOTICE OF SETTLEMENT INSTRUCTIONS

POST-RESTRUCTURING DATE NOTICE OF SETTLEMENT INSTRUCTIONS SENT THROUGH EUROCLEAR AND CLEARSTREAM POST-RESTRUCTURING DATE NOTICE OF SETTLEMENT INSTRUCTIONS MADE IN ACCORDANCE WITH THE RESTRUCTURING PLAN of BTA BANK JSC (the Bank ) THIS NOTICE OF SETTLEMENT INSTRUCTIONS

More information

Hong Kong Monetary Authority

Hong Kong Monetary Authority 9 Ma 2016 IMPORTANT INFORMATION Investors should read this Information Memorandum carefully (as amended or supplemented from time to time) and ensure that they fully understand the risks associated with

More information

Chapter 37 DEBT SECURITIES DEBT ISSUES TO PROFESSIONAL INVESTORS ONLY. Introduction

Chapter 37 DEBT SECURITIES DEBT ISSUES TO PROFESSIONAL INVESTORS ONLY. Introduction Chapter 37 DEBT SECURITIES DEBT ISSUES TO PROFESSIONAL INVESTORS ONLY Introduction 37.01 This Chapter deals with debt issues to Professional Investors only. It sets out the qualifications for listing,

More information

Supporting your foreign exchange needs. Search

Supporting your foreign exchange needs. Search Supporting your foreign exchange needs Understanding Foreign Exchange (FX) risk Trading internationally offers UK businesses the opportunity to buy and sell goods and services in a much larger marketplace.

More information

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 A.B.N. 90 168 653 521 Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 Appendix 4E - Preliminary Financial Report For the year ended 30 June 2015 Preliminary Report This preliminary

More information

Annex Hungary Effective as of 4 th January 2016. MTS Hungary is a Multilateral Trading Facility operated by EuroMTS Limited

Annex Hungary Effective as of 4 th January 2016. MTS Hungary is a Multilateral Trading Facility operated by EuroMTS Limited Annex Hungary Effective as of 4 th January 2016 MTS Hungary is a Multilateral Trading Facility operated by EuroMTS Limited Contents MTS Hungary Annex 1.0 General Provisions 4 5.0 Clearing and settlement

More information

İŞ GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI ANONİM ŞİRKETİ. Condensed Financial Statements As at and For the Three-month Period Ended 31 March 2014

İŞ GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI ANONİM ŞİRKETİ. Condensed Financial Statements As at and For the Three-month Period Ended 31 March 2014 İŞ GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI ANONİM ŞİRKETİ Condensed Financial Statements As at and For the Three-month Period Ended 31 March 2014 (Convenience Translation of Financial Statements and Related

More information

DANMARKS NATIONALBANK DANISH GOVERNMENT DEBT MANAGEMENT POLICY

DANMARKS NATIONALBANK DANISH GOVERNMENT DEBT MANAGEMENT POLICY DANMARKS NATIONALBANK DANISH GOVERNMENT DEBT MANAGEMENT POLICY Strategy 2nd half of 2014 Published 24 June 2014 - Translation KEY ISSUES, 2ND HALF OF 2014 The strategy for the central government debt policy

More information

Bank Gospodarstwa Krajowego (Issuer)

Bank Gospodarstwa Krajowego (Issuer) LETTER OF ISSUE No. 1/2014 of Bank Gospodarstwa Krajowego of 20 May 2014 regarding the issue of bonds of Bank Gospodarstwa Krajowego on behalf of the National Road Fund with maturity date of 25 October

More information