Turkiye Garanti Bankasi A.S. (TGBD)
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Distribution Results of Subordinated Debt Securities to Qualified Investors
DATE: February 14, 2020
The issuance 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 ; to be sold to qualified investors has been realized as of (14.02.2020). The book-building started on Wednesday, February 12th, in the range of BIST TLREF + (200-300) spread as 500 million TL. As a result of more than double amount demand, the issuance was completed at 750 million TL nominal with BIST TLREF + 250 spread.
*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.
Contact Garanti BBVA Investor Relations:
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||975895|
|End of Announcement||EQS News Service|