Turkiye Garanti Bankasi A.S. Announces 19th Coupon Rate on Subordinated Debt Securities

Turkiye Garanti Bankasi A.S. has announced the 19th coupon rate for its subordinated debt securities. These securities, valued at TRY 750,000,000, are designed to be included in Tier 2 Capital with a maturity of 3653 days. Coupon payments are made quarterly, indexed to the BIST TLREF index. The newly determined coupon rate stands at 13.9854%.

This financial instrument, a bond with floating rate notes (FRN), was originally issued domestically for qualified investors. The bond began its life cycle on February 14, 2020, with a redemption date set for February 14, 2030. The sale was conducted from February 12 to 13, 2020, with a total nominal value of TRY 750,000,000 being offered.