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

Turkiye Garanti Bankasi A.S. / US9001487019

Turkiye Garanti Bankasi A.S. (TGBD)


28-Sep-2024 / 13:01 GMT/BST

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TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Explanation on Subordinated Debt Securities to Qualified Investors   DATE: September 27, 2024     It has been announced on 06/09/2024 with the enclosed announcement that 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 and the application has been made to Banking Regulation and Supervision Agency (BRSA) regarding this resolution.The approval of the BRSA has been received and regarding the approval , the early redemption date has been determined as 09.10.2024.
 

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: [phone] Fax: [phone] E-mail: [e-mail] www.garantibbvainvestorrelations.com  

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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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ISIN:	US9001487019
Category Code:	MSCL
TIDM:	TGBD
LEI Code:	5493002XSS7K7RHN1V37
Sequence No.:	349709
EQS News ID:	1997821

End of Announcement	EQS News Service

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