on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S. Announces Early Redemption of Subordinated Debt Securities
Turkiye Garanti Bankasi A.S. (TGBD) has disclosed plans for the early redemption of its subordinated debt securities. These securities meet the criteria for inclusion in Tier 2 Capital, with a nominal value of TRY 252,880,000 and a maturity of 3651 days. The redemption will occur upon approval from the Banking Regulation and Supervision Agency (BRSA) and is scheduled for October 7, 2024.
The Board of Directors resolved this early redemption on September 5, 2024. The subordinated debt securities, sold to qualified investors, feature 3-month coupon payments indexed to the BIST TLREF index.
The initial sale of these securities started on October 3, 2019, with the end date of October 8, 2019. The ISIN code for the securities is TRSGRANE2915.
R. H.
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