DJ Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing Covered Bonds and Authorization of Head Office for Necessary Operations
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing
Covered Bonds and Authorization of Head Office for Necessary Operations
04-Sep-2020 / 16:56 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TO: Investment Community
FROM: Garanti BBVA / Investor Relations
........................................
SUBJECT: Board Of Directors Decision About Issuing Covered Bonds and
Authorization of Head Office for Necessary Operations
DATE: September 4, 2020
Authorized Member Decision Date 03.09.2020
Issue Limit 5,000,000,000
Currency Unit TRY
Issue Limit Security Type Mortgage Covered Bonds
Sale Type Sale To Qualified Investors
Domestic / Overseas Domestic
The Board of Directors of the Bank has adopted a resolution to issue debt
instruments in accordance with the Capital Markets Law No. 6362 published in
the Official Gazette dated December 30, 2012 and numbered 28513, the
Communiqué on Covered Bonds (III-59.1) published in the Official Gazette
dated January 21, 2014 and numbered 28889, the legislation that may
supersede the foregoing legislation in the future and other relevant
legislation, in one or more issuances, with different series, maturities and
amounts, and having fixed and/or floating interest rates to be determined at
the issuance times in accordance with market conditions, to the extent that
the relevant legislation allows, up to TL 5 billion in total , to be sold
without public offering to qualified investors, inside Turkey; and
authorized the Head Office, to issue such debt instruments in coupon forms
and the coupon bonds as fixed or floating rate bonds in accordance with
market conditions, to take as reference one or some of treasury bonds of
which maturity dates are in line with those of debt instruments (mortgage
covered bonds) to be issued, or TRLIBOR rate (published by the Banks
Association of Turkey on www.trlibor.org [1]) or TLREF rate or index
(calculated and published by BIST), to add additional income if deemed
necessary and to determine the rate of such additional income, to determine
the fixed interest rate of the debt instruments in advance when necessary,
to determine any and all terms and conditions of such issuance including but
not limited to the applicable interest rate, and accordingly to make and
fulfil necessary applications, to determine all the terms and conditions
including the interest rate to be paid as well as intermediaries related
with the issuance, to sign an Intermediary Agreement with the determined
intermediary, and conduct any and all acts before Banking Regulation and
Supervision Agency, Capital Markets Board and other relevant authorities to
perform all necessary meetings, correspondence and negotiations with respect
to the MCB issuance, to make all kind of applications to the Capital Markets
Board ("CMB") and Banking Regulation Supervision Agency ("BRSA") including
but not limited to obtaining issuance certificate, to complete all necessary
preparations for the application.
In contradiction between the Turkish and English versions of this public
disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles
included in the Board's Communiqué, Serial II Nr.15.1, that it exactly
reflects the information we received; that the information complies with our
records, books and documents; that we did our best to obtain the correct and
complete information relative to this subject and that we are responsible
for the declarations made in this regard.
Yours sincerely,
Garanti BBVA
Contact Garanti BBVA Investor Relations:
Tel: +90 212 318 2352
.....................
Fax: +90 212 216 5902
.....................
E-mail: investorrelations@garantibbva.com.tr
............................................
www.garantibbvainvestorrelations.com [2]
........................................
ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 83564
EQS News ID: 1127867
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 04, 2020 11:56 ET (15:56 GMT)
