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

Turkiye Garanti Bankasi ASAnnouncement

06/09/2024 12:30

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   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

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   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        Subordinated Debt Dept Securities
   Security Type      Securities
   Sale Type          Sale To Qualified Public Offering-Sale To Qualified
                      Investors         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     252,880,000
   Sold
   Coupon Number                                  40
   Redemption Date                                07.10.2029
   Payment Date                                   08.10.2029

    
   Was The Payment                                                 No
   Made?                                               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:  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.:  345391
   EQS News ID:   1983495


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1983495&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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