Turkiye Garanti Bankasi A.S. (TGBD)
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Board Of Directors Decision About Issuing Subordinated Debt Securities and Authorization of Head Office for Necessary Operations
DATE: September 4, 2020
The Board of Directors of the Bank has adopted a resolution to issue debt instruments in accordance with Article 8 of the Regulation on the Equities of Banks, published in the Official Gazette numbered 28756 and dated 5 September 2013 that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, or TRLIBOR rate (published by the Banks Association of Turkey on www.trlibor.org) or TLREF rate or index (calculated and published by BIST), in one or more issuances, and authorized the Head Office to determine the maturity date of such debt instruments, 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 to be issued, 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.
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:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||1127871|
|End of Announcement||EQS News Service|