Turkiye Garanti Bankasi A.S. Announces Coupon Rate for Subordinated Debt Securities

Turkiye Garanti Bankasi A.S. disclosed a coupon rate of 13.6322% for the seventeenth coupon of its subordinated debt securities. These securities are part of Tier 2 Capital, holding a nominal value of TRY 750,000,000 and a maturity span of 3653 days. Payments for these bonds, which are indexed to the BIST TLREF index, occur quarterly. The specifics of this issuance fall under a larger framework with an issue limit of up to TRY 20,000,000,000, strictly targeted towards qualified investors. The current bonds are scheduled to mature on February 14, 2030.