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VAKIFBANK ANNUAL REPORT 2013
with a maturity date of April 15, 2018 and
semiannual coupon payments with a fixed
coupon of 3.75% was issued in international
markets. This transaction had the lowest
coupon rate among bond issues carried out by
Turkish banks.
Most demanded bond issue
Again, within the scope of this program, in
October 2013, VakıfBank performed another
eurobond issue in international markets. The
bond had a nominal value of US$ 500 million
with a five year maturity as of October 31,
2018. The bond was priced with a 5.149%
return on resale and the coupon rate set at
5% with semi-annual fixed coupon payments.
This eurobond issue was oversubscribed about
13 times and became the most demanded
bond issue in Turkey excluding the bonds
issues made by the Turkish Treasury. Thanks to
high investor demand, the transaction closed
at Mid-Swap +370 bps which was 30 bps
below the opening price.
Under the GMTN program, 25 private
placements have been issued since June 2013
with nine separate banks. Private placement
transactions amounted to an equivalent of
US$ 762 million in various currencies (US
dollars, euros and Swiss francs) and maturities
(three months, six months and one-year). The
vast majority of transactions were to Asian
investors, investing in Turkey for the first time.
The most active Turkish bank
One of the leading banks in Turkey for
international banking, VakıfBank was the most
active Turkish bank in international markets in
2013 with its eurobond and private placement
issues within the context of the global
medium-term notes program, along with
syndicated loans and other long-term and
low-cost loans from a variety of sources.
AMENDMENTS TO THE ARTICLES OF INCORPORATION
During the operating year, amendments were made in articles 5, 22, 24, 25, 29, 32, 37, 41, 43, 44,
45, 46, 50, 53, 54, 57, 59, 60, 63, 72, 74, 84, 85 and Temporary Article 1 of the Bank’s Articles of
Incorporation. The old and new texts related to amended articles are available on page 93 of this
report.
Shares owned by the Chairman, Board Members, CEO and Executive Vice Presidents:
İsmail Alptekin, a Member of the Bank’s Board of Directors, holds VakıfBank “Class C” stock
representing TL 59.36 of share capital. (0.00000237%).
Disclosures made to the Borsa Istanbul as part of the Bank’s disclosure to shareholders
and material information:
Pursuant to Communiqué Series: VIII No: 39 re: “Principles for Material Disclosures to Public” issued
by the Capital Markets Board, VakıfBank made a total of 214 Material Event Disclosures in 2013;
these disclosures were concurrently published on the ISE Public Disclosure Platform (www.kap.gov.
tr) and on the Bank’s website (www.vakifbank.com.tr).
OWNERSHIP Structure of Türkİye Vakıflar Bankası T.A.O.
Group Shareholders
Capital (TL)
Share
Capital (%)
Number of
Shareholders
A
Registered Foundations Represented by
the General Directorate of Foundations
1,075,058,639.56 43.002346
1
B
Foundations
386,224,784.72 15.448991
1
B
Other Foundations
3,097,161.98 0.123886
267
B
Other Registered Foundations
1,453,084.55 0.058123
198
C
VakıfBank Mem. ve Hizm. Em. ve Sağ.
Yard. San. Vakfı
402,552,666.42 16.102107
1
C
Other Real Persons and Legal Entities
1,536,104.20 0.064144
430
D
Free Float
630,077,558.57 25.203102
-
TOTAL
2,500,000,000.00
100.00
898