Turkiye Garanti Bankasi A.S.: Explanation on Subordinated Debt Securities to Qualified Investors
Turkiye Garanti Bankasi A.S. (TGBD)
28-Sep-2024 / 13:01 GMT/BST
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: +90 212 318 2352 Fax: +90 212 216 5902 E-mail: investorrelations@garantibbva.com.tr www.garantibbvainvestorrelations.com
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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 |
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| End of Announcement | EQS News Service |
