REG - Turkiye Garanti Bank - BoD Decision About Issuing Debt Instruments

Turkiye Garanti Bankasi ASAnnouncement

04/10/2018 16:20

RNS Number : 0417D
Turkiye Garanti Bankasi
04 October 2018
 


TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Board Of Directors Decision About Issuing Debt Instruments and Authorization of Head Office for Necessary Operations
DATE: October 4, 2018
 



Authorized Member Decision Date


04.10.2018




Issue Limit


20,000,000,000




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 20,000,000,000.- (Twenty 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, 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 fulfil 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 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
 




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