on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S.: Subordinated Debt Securities Update
Turkiye Garanti Bankasi A.S. announced the twentieth coupon rate for its subordinated debt securities, which qualify as Tier 2 Capital. The securities, with a nominal value of TRY 750,000,000 and a maturity of 3653 days, feature three-monthly coupon payments tied to the BIST TLREF index. The coupon rate is set at 13.3383%.
The bonds, with an ISIN code TRSGRAN23013, began trading domestically on February 12, 2020. These were available to qualified investors. The bonds have a maturity starting date of February 14, 2020, and are scheduled to mature on February 14, 2025. Payments have been consistently made on their due dates.
The bank's decision to issue these debt securities is aligned with its strategy to strengthen its capital structure under the Board's resolution dated July 30, 2019.
R. P.
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