Turkiye Garanti Bankasi A.S. to Issue Subordinated Debt Securities

On January 15, 2026, Turkiye Garanti Bankasi A.S. (TGBD) announced a decision by its Board of Directors to issue subordinated debt securities. The issue limit is set at 15 billion Turkish Lira (TRY), specifically targeting qualified investors within the domestic market. This aligns with Article 8 of the Regulation on the Equities of Banks from 2013.

The issuance aims to meet Tier 2 Capital requirements and will involve various types and maturity dates. The Head Office is authorized to handle the issuance specifics, including determining maturity dates, interest rates, and additional income if needed. These securities may be offered as fixed or floating rate bonds, referencing relevant treasury bonds or the TLREF rate.

Necessary preparations and approvals will be handled by the Head Office, involving coordination with intermediaries and regulatory bodies.