REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Early Redemption of Subordinated Debt Securities to Qualified Investors

Turkiye Garanti Bankasi ASAnnouncement

15/02/2025 12:45

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Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Early Redemption of Subordinated Debt Securities to Qualified Investors

15-Feb-2025 / 12:37 GMT/BST

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TO: Investment Community

      FROM : Garanti BBVA / Investor Relations

SUBJECT: Early Redemption of  Subordinated Debt Securities to Qualified Investors

DATE: February 14, 2025

 

Reference: Our Bank's Public Disclosures dated 17.12.2024 and 14.01.2025

 

It was announced with our  Bank’s public disclosure dated 14.01.2025  stated in the reference that  our
Bank’s application regarding 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 750,000,000 with a maturity of
3653 days with 3 months coupon  payments indexed to BIST TLREF index  has been approved by the  Banking
Regulation and Supervision Agency (BRSA) and the early redemption will be conducted on 14.02.2025.  The
coupon and principal payments in terms of early redemption of these bonds; are made on 14.02.2025.

 

Board Decision Date 30.07.2019

 
Related Issue Limit Info
Currency Unit             TRY                          TRY
Limit                     7,000,000,000                20.000.000.000
Issue Limit Security Type Subordinated Debt Securities Dept Securities
Sale Type                 Sale To Qualified Investors  Public Offering-Sale To Qualified Investor
Domestic / Oversea        Domestic                     Domestic

 
Capital Market Instrument To Be Issued Info
Type                                            Bond
Maturity Date                                   14.02.2025
Maturity (Day)                                  3653
Interest Rate Type                              FRN
Sale Type                                       Sale To Qualified Investors
ISIN Code                                       TRSGRAN23013
Starting Date of Sale                           12.02.2020
Ending Date of Sale                             13.02.2020
Maturity Starting Date                          14.02.2020
Nominal Value of Capital Market Instrument Sold 750,000,000
Coupon Number                                   20
Redemption Date                                 14.02.2025
Payment Date                                    14.02.2025

 
Was The Payment Made?                                                   Yes           No

 

Redemption Plan of Capital Market Instrument Sold
                                                     Interest Interest
  Coupon    Payment     Record    Payment             Rate–    Rate –                  Exchange Was the
  Number      Day        Date       Date    Interest  Yearly   Yearly  Payment Amount    Rate   Payment
                                            Rate (%)  Simple  Compound                           Made?
                                                       (%)      (%)
    1      14.05.2020 13.05.2020 14.05.2020 3,0534   12,3833  12,9703    22.900.500       TL      Yes
    2      14.08.2020 13.08.2020 14.08.2020 2,7622    10,9588 11,364      20.716.500      TL     Yes 
    3      14.11.2020 13.11.2020 16.11.2020 3,6749   14,5798  15,2998  27.561.749,99      TL     Yes 
    4      14.02.2021 12.02.2021 15.02.2021  4,8372   19,1911 20,617     36,279,000      TL      Yes 
    5      14.05.2021 13.05.2021 14.05.2021 5,1841   21,2605  23,0164  38,880,749,99     TL      Yes 
    6      14.08.2021 13.08.2021 16.08.2021  5,5352  21,9604  23,836    41,513,999.98     TL     Yes 
    7      14.11.2021 12.11.2021 15.11.2021 5,2597   20,8673  22,5578  39,447,750.00     TL      Yes 
    8      14.02.2022 11.02.2022 14.02.2022  4,4319  17,583   18,7767  33,239,249.99      TL     Yes 
    9      14.05.2022 13.05.2022 16.05.2022 4,0987   16,8094  17,899   30,740,249.99      TL     Yes 
    10     14.08.2022 12.08.2022 15.08.2022 4,2870   17,0084  18,1242  32,152,500.00     TL      Yes 
    11     14.11.2022 11.11.2022 14.11.2022 3,7672   14,9458  15,8045  28,254,000.00     TL       Yes
    12     14.02.2023 13.02.2023 14.02.2023 3,0958   12,2822  12,7919  23,218,500.00      TL     Yes 
    13     14.05.2023 12.05.2023 15.05.2023 2,9016   11,9000  12,4417   21,762,000.00    TL      Yes 
    14     14.08.2023 11.08.2023 14.08.2023 4,0574    16,0973 17,0953  30,430,500.00      TL     Yes 
    15     14.11.2023 13.11.2023 14.11.2023 7,9596    31,5788 35,0195  59,697,000.00     TL      Yes 
    16     14.02.2024 13.02.2024 14.02.2024 11,6611  46,2640  53,7652  87,458,249.99     TL      Yes 
    17     14.05.2024 13.05.2024 14.05.2024 13,6322  55,2862  67,8410  102,241,500.00    TL      Yes 
    18     14.08.2024 13.08.2024 14.08.2024 14,1836  56,2720  67,4870  106,377,000.00    TL      Yes 
    19     14.11.2024 13.11.2024 14.11.2024 13,9854  55,4857  66,3806  104,890,500.00    TL      Yes 
    20     14.02.2025 13.02.2025 14.02.2025 13,3383  52,9182  62,8015  100,037,250.00    TL      Yes 
Principal/
 Maturity
   Date    14.02.2025 13.02.2025 14.02.2025                              750.000.000     TL      Yes 
 Payment
  Amount

 

 

*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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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  376221
   EQS News ID:   2086849


    
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