Turkiye Garanti Bankasi : Book Building of Bank Bonds Issuance to Qualified Investors
September 26, 2017 at 11:30 am EDT
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Book Building of Bank Bonds Issuance to Qualified Investors
It has been announced that pursuant to the authority given to the Head Office by the resolution of The Board of Directors dated November 30 , 2016 for a 1-year period, our application to issue all kinds of debt instruments including but not limited to fixed or floating rate bonds, debentures and/or credit risk-based and other structured debt instruments 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, to be sold domestically by public offering or to qualified investors in one or more issuances, was approved by the Capital Markets Board on March 10, 2017.
In this context; our Bank has commenced the operations for the issuance of bank bonds with a maturity of 91 days to be sold to qualified investors. It is planned that the book building of bank bonds will take place on September 08, 2017 and the transfer of the bonds to client accounts will be executed on September 11, 2017.
Board Decision Date
30.11.2016
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
23.08.2018
Maturity (Day)
175
Interest Rate Type
Discounted
Sale Type
Sale To Qualified Investor
ISIN Code
TRFGRAN31815
Starting Date of Sale
27.09.2017
Ending Date of Sale
27.09.2017
Maturity Starting Date
29.09.2017
Coupon Number
0
Redemption Date
23.08.2018
Payment Date
23.08.2018
Was The Payment Made?
No
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Turkiye Garanti Bankasi AS published this content on 26 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 September 2017 15:29:01 UTC.
Original documenthttps://www.garantiinvestorrelations.com/en/news/detay/Book-Building-of-Bank-Bonds-Issuance-to-Qualified-Investors/112/5892/0
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Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.