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Capital Markets Board of Turkey Amended the Allocations & Offering Prices

December 2017

The Communiqué on the Sale of Capital Market Instruments (Communiqué No. II-5.2) has been amended on 1 December 2017 by (i) decreasing the allocation ratio of domestic institutional investors, (ii) authorising the CMB to adjust the allocations, and (iii) allowing the downward revisions on the offering prices in order to meet the market needs.