Turkiye Garanti Bankasi A.S. Announces Coupon Payment of Subordinated Debt Securities

Turkiye Garanti Bankasi A.S. successfully completed the eighteenth coupon payment of its subordinated debt securities on April 8, 2024. These securities are recognized as part of the bank's Tier 2 Capital, boasting a nominal value of TRY 252,880,000. The maturity of these securities is set for 3651 days, with the coupon payments being indexed to the BIST TLREF index. This strategic financial management reflects the bank's adherence to its planned financial operations and its commitment to meeting investor expectations.

The initial sale of these subordinated debt securities, aimed exclusively at qualified investors, took place between October 3, 2019, and October 8, 2019, with the issuance starting immediately after, on October 9, 2019. The maturity date is projected for October 7, 2029, indicating a long-term investment opportunity for the bondholders. The decision for this issuance was ratified by the board on July 30, 2019, reflecting a detailed and prospective planning in the bank’s financial strategy.

Until now, all scheduled payments of these securities have been made, demonstrating Turkiye Garanti Bankasi A.S.'s reliability and steady financial performance. This recent payment continues to cement the bank’s reputation among its investors, especially those qualified for such sophisticated financial instruments.