REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing Covered Bonds to be sold domestically and Authorization of Head Office for Necessary Operations

Turkiye Garanti Bankasi ASAnnouncement

08/11/2024 09:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing
   Covered Bonds to be sold domestically and Authorization of Head Office for
   Necessary Operations

   08-Nov-2024 / 09:14 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Board Of Directors Decision About Issuing Covered Bonds to be
   sold domestically  and Authorization of Head Office for Necessary
   Operations

   DATE: November 07, 2024

    

   The Board of Directors of the Bank has adopted a resolution to issue  debt
   instruments in accordance with the Capital Markets Law No. 6362  published
   in the Official Gazette  dated December 30, 2012  and numbered 28513,  the
   Communiqué on Covered Bonds (III-59.1)  published in the Official  Gazette
   dated January  21,  2014 and  numbered  28889, the  legislation  that  may
   supersede the  foregoing  legislation in  the  future and  other  relevant
   legislation, in one or more  issuances, with different series,  maturities
   and amounts,  and  having  fixed  and/or floating  interest  rates  to  be
   determined at the issuance times in accordance with market conditions,  to
   the extent that  the relevant legislation  allows, up to  TL 5 billion  in
   total , to be sold without public offering to qualified investors,  inside
   Turkey; and authorized the Head Office, 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 (mortgage covered bonds) 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 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  to  perform  all  necessary   meetings,
   correspondence and negotiations with respect to the MCB issuance, to  make
   all kind of applications to the Capital Markets Board ("CMB") and  Banking
   Regulation Supervision  Agency  ("BRSA")  including  but  not  limited  to
   obtaining issuance certificate, to complete all necessary preparations for
   the application. In contradiction between the Turkish and English versions
   of this public disclosure, the Turkish version shall prevail.

    

   *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.:  358100
   EQS News ID:   2026053


    
   End of Announcement EQS News Service

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References

   Visible links
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