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Turkiye Garanti Bank - Book Building of Bank Bonds Issuance

Tue, 24th Jul 2018 16:15

RNS Number : 6330V
Turkiye Garanti Bankasi
24 July 2018
 

TO: Investment Community

FROM : Garanti Bank / Investor Relations

SUBJECT: Book Building of Bank Bonds Issuance to Qualified Investors

DATE: July 24, 2018

 

It has been announced that pursuant to the resolution of The Board of Directors dated November 02, 2017 for a 1-year period, to issue all kinds of 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; up to the aggregate amount of TRY 20,000,000,000.- (Twenty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances, was approved by the Capital Markets Board on February 15, 2018.

 

In this context; our Bank has commenced the operations for the issuance of bank bonds with a maturity of 67 days to be sold to qualified investors. It is planned that the book building of bank bonds will take place on July 25, 2018 and the transfer of the bonds to client accounts will be executed on July  26, 2018.

 

 

Board Decision Date

02.11.2017

Related Issue Limit Info

Currency Unit

TRY

Limit

20,000,000,000

Issue Limit Security Type

Debt Securities

Sale Type

Public Offering-Sale To Qualified Investor

Domestic / Oversea

Domestic

 

Capital Market Instrument To Be Issued Info

Type

Bill

Maturity Date

01.10.2018

Maturity (Day)

67

Interest Rate Type

Discounted

Sale Type

Sale To Qualified Investor

ISIN Code

Starting Date of Sale

25.07.2018

Ending Date of Sale

25.07.2018

Maturity Starting Date

26.07.2018

Coupon Number

0

Redemption Date

01.10.2018

Payment Date

01.10.2018

 

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 Bank

Contact Garanti Bank Investor Relations:

Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garanti.com.tr
www.garantiinvestorrelations.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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