on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S. Executes Early Redemption of Bonds
Turkiye Garanti Bankasi A.S. (TGBD) has successfully completed the early redemption of its subordinated debt securities. These bonds, worth TRY 750 million, were initially designated for Tier 2 Capital under the BRSA approval. The maturity was set for 3653 days with quarterly coupon payments linked to the BIST TLREF index.
The decision for early redemption, initially publicized in two announcements dated 17.12.2024 and 14.01.2025, saw execution on 14.02.2025. The early redemption process was only available for qualified investors, as per the bank's initial public disclosures.
This action aligns with the bank's strategic financial planning, impacting TRY 7 billion in subordinated debt securities. Payments for all 20 coupon periods were confirmed completed by the bank.
R. H.
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