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from Turkiye Garanti Bankasi A.S. (isin : US9001487019)

Turkiye Garanti Bankasi A.S.: Explanation on Subordinated Debt Securities to Qualified Investors

Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Explanation on Subordinated Debt Securities to Qualified Investors

06-Sep-2024 / 12:24 GMT/BST


TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Explanation on Subordinated Debt Securities to Qualified Investors

DATE: September 6, 2024

 

Our Bank’s Board of Directors has resolved the early redemption  of the subordinated Debt Securities that meet the criteria for the inclusion in Tier 2 Capital in the nominal value of TRY 252,880,000 with a maturity of 3651 days with 3 months coupon payments indexed to BIST TLREF index.. Our Bank applied to the Banking Regulation and Supervision Agency (BRSA) to obtain the approval for the early redemption of such notes. Following the approval of the BRSA, the early redemption will be conducted on 07.10.2024
 

Board Decision Date

05.09.2024

 

Related Issue Limit Info

Currency Unit

TRY

TRY

Limit

7,000,000,000

20.000.000.000

Issue Limit Security Type

Subordinated Debt Securities

Dept Securities

Sale Type

Sale To Qualified Investors

Public Offering-Sale To Qualified Investor

Domestic / Oversea

Domestic

Domestic

 

Capital Market Instrument To Be Issued Info

Type

Bond

Maturity Date

07.10.2029

Maturity (Day)

3651

Interest Rate Type

FRN

Sale Type

Sale To Qualified Investors

ISIN Code

TRSGRANE2915

Starting Date of Sale

03.10.2019

Ending Date of Sale

08.10.2019

Maturity Starting Date

09.10.2019

Nominal Value of Capital Market Instrument Sold

252,880,000

Coupon Number

40

Redemption Date

07.10.2029

Payment Date

08.10.2029

 

Was The Payment Made?                                               No

No

 

*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

 

 

Yours sincerely,

Garanti BBVA

Contact Garanti BBVA Investor Relations:

Tel: +90 212 318 2352 Fax: +90 212 216 5902

E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com

 



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ISIN:US9001487019
Category Code:MSCL
TIDM:TGBD
LEI Code:5493002XSS7K7RHN1V37
Sequence No.:345391
EQS News ID:1983495

 
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