Turkiye Garanti Bankasi A.S. Announces Decision on Issuing Debt Instruments

Turkiye Garanti Bankasi A.S. (TGBD) announced its Board of Directors' decision to issue various debt instruments. The board approved the issuance of debt instruments including fixed or floating rate bonds, debentures, and credit linked notes. These instruments will be available via public offering, private placement, or sale to qualified investors. An aggregate amount of up to TL 50,000,000,000 (Fifty Billion Turkish Lira) will be issued in one or more tranches.

The Head Office has been authorized to determine the maturity dates, which will not exceed five years, and to set the applicable interest rates and other terms. They are also authorized to take necessary actions with the Banking Regulation and Supervision Agency, Capital Markets Board, and other authorities. This initiative aims to comply with current market conditions and investor demands.