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

Turkiye Garanti Bankasi ASAnnouncement

06/09/2024 12:15

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

   06-Sep-2024 / 12:14 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

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

   DATE: September 5, 2024

    

   Authorized Member Decision Date 05.09.2024
   Issue Limit                     10,000,000,000
   Currency Unit                   TRY
   Issue Limit Security Type       Subordinated Debt Securities
   Sale Type                       Sale To Qualified Investors
   Domestic / Overseas             Domestic

    

   The Board of Directors of the Bank has adopted a resolution to issue  debt
   instruments in accordance with Article 8 of the Regulation on the Equities
   of Banks, published  in the Official  Gazette numbered 28756  and dated  5
   September 2013 that meet the criteria for the inclusion in Tier 2 Capital,
   to be  sold  to qualified  investors  up to  the  aggregate amount  of  TL
   10,000,000,000- (Ten Billion Turkish Liras) 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  debt
   instruments, to issue such debt instruments 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 bonds of  which
   maturity dates are in  line with those  of debt instruments  (subordinated
   debt securities) to  be issued,  or TLREF  rate or  index (calculated  and
   published by BIST), to  add additional income if  deemed necessary and  to
   determine the  rate of  such  additional income,  to determine  the  fixed
   interest rate  of  the debt  instruments  in advance  when  necessary,  to
   determine any and all terms and conditions of such issuance including  the
   interest rate to be  paid, the applicable  interest rate, the  submissions
   for necessary approvals of the issuance but not limited to such matters as
   well as  determining  the intermediaries  related  with the  issuance  and
   accordingly  to  make  and  fulfil  necessary  applications,  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   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

    

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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.:  345388
   EQS News ID:   1983485


    
   End of Announcement EQS News Service

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References

   Visible links
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