on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S.: Green/Sustainable Debt Instrument Issuance CMB Application
Turkiye Garanti Bankasi A.S. (TGBD) has announced the application for a green and sustainable debt instrument issuance to the Capital Markets Board (CMB). This decision follows a public disclosure made on June 6, 2024. The board of directors has authorized the head office to initiate the required procedures, considering market conditions.
The bank plans to issue various forms of debts, including subordinated debts and bonds, up to a total of USD 2 billion or the equivalent in Turkish lira or any other foreign currencies. These instruments will have different series, maturities, and interest rates, which will be determined based on market conditions.
The bonds will be sold outside of Turkey in one or multiple issuances without a public offering. This move aligns with the bank's commitment to green and sustainable finance.
R. H.
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