REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding issuance of subordinated notes

Turkiye Garanti Bankasi ASAnnouncement

22/11/2024 08:30

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Announcement regarding issuance of
   subordinated notes

   22-Nov-2024 / 08:23 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Announcement regarding issuance of subordinated notes

   DATE: November 22, 2024

    

   As of November 21,  2024, the book building  process for the  subordinated
   (Tier II) notes to  be issued for sale  to qualified investors outside  of
   Türkiye is completed. The nominal value of  the notes to be issued is  USD
   750,000,000, the  applicable  annual  interest  rate  is  8.125%  and  the
   maturity of the  notes will be  10 years with  an early redemption  option
   starting at the end of 5 years, with redemption date of 3 January 2035.

   The notes are expected to be admitted to trade on the Irish Stock Exchange
   (Euronext Dublin).

    

   The sale transaction is expected to be completed on December 3, 2024.

    

   *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.:  360878
   EQS News ID:   2036571


    
   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=2036571&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


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