on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S. Plans Covered Bonds Issuance
Turkiye Garanti Bankasi A.S. has announced a significant decision regarding the issuance of covered bonds. The Board of Directors approved the initiative to issue debt instruments under existing legislation, targeting qualified investors within Turkey. This move aligns with the Capital Markets Law No. 6362 and related regulations.
The planned issuance will reach up to TL 5 billion in various series, maturities, and interest rates. The bank aims to optimize issuance conditions based on market dynamics. The head office is authorized to undertake necessary operations, including determining interest rates and engaging with relevant authorities.
The bonds will not be offered to the public but to specific investors. Engagements with the Capital Markets Board and Banking Regulation and Supervision Agency are ongoing to secure necessary approvals for this strategic financial initiative.
R. H.
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