REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing Debt Instruments and Authorization of Head Office for Necessary Operations

Turkiye Garanti Bankasi ASAnnouncement

06/09/2024 12:30

============

   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing
   Debt Instruments and Authorization of Head Office for Necessary Operations

   06-Sep-2024 / 12:17 GMT/BST

   ══════════════════════════════════════════════════════════════════════════

   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Board Of Directors Decision About Issuing Debt Instruments and
   Authorization of Head Office for Necessary Operations

   DATE: September 5, 2024

    

   Authorized Member Decision 05.09.2024
   Date
   Issue Limit                50,000,000,000
   Currency Unit              TRY
   Issue Limit Security Type  Debt Securities- Structured Debt Securities
   Sale Type                  Public Offering- Private Placement-Sale To
                              Qualified Investor
   Domestic / Oversea         Domestic

    

   The Board of Directors of the Bank has adopted a resolution to issue  debt
   instruments including fixed or floating rate bonds, debentures to be  sold
   domestically by public  offering,  but  not limited to  fixed or  floating
   rate bonds, debentures  and/or credit  linked notes  and other  structured
   debt  instruments  to  be  sold  to  qualified  investors  or  by  private
   placement; up  to  the  aggregate amount  of  TL  50,000,000,000.-  (Fifty
   Billion Turkish Lira) in  Turkish Lira currency  with different types  and
   maturity dates, in one or more  issuances and authorized  the Head  Office
   to determine the maturity  date of such bank  bonds and/or debentures  not
   more than 5 years, to issue such bank bonds and/or debentures at  discount
   and/or in coupon  forms and  the coupon bonds  as fixed  or floating  rate
   bonds in accordance with  market conditions, to take  as reference one  or
   some of treasury bills and/or treasury  bonds of which maturity dates  are
   in line with those of bonds  and/or debentures to be issued, or  different
   indicative interest rates and / or indices accepted in the market, to  add
   additional income if deemed  necessary and to determine  the rate of  such
   additional income,  to determine  the fixed  interest rate  of bank  bonds
   and/or debentures  in  advance when  necessary, to determine  any and  all
   terms and conditions  of such issuance  including but not  limited to  the
   applicable interest rate,  and accordingly to  make and fulfill  necessary
   applications, to  determine all  the terms  and conditions  including  the
   interest rate  to be  paid  as well  as  intermediaries related  with  the
   issuance,  to  sign   an  Intermediary  Agreement   with  the   determined
   intermediary, and conduct any and  all acts before Banking Regulation  and
   Supervision Agency, Capital Markets Board and other relevant authorities.

   *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:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

   ══════════════════════════════════════════════════════════════════════════

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

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  345389
   EQS News ID:   1983489


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    3 fncls.ssp?fn=show_t_gif&application_id=1983489&application_name=news&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810

References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1983489&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news


============