DJ Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Issuing Subordinated Debt Securities 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
Subordinated Debt Securities and Authorization of Head Office for Necessary
Operations
04-Sep-2020 / 17:00 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 Subordinated Debt
Securities and Authorization of Head Office for Necessary Operations
DATE: September 4, 2020
Authorized Member Decision Date 03.09.2020
Issue Limit 7,000,000,000
Currency Unit TRY
Issue Limit Security Type Subordinated Debt Securities
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 Article 8 of the Regulation on the Equities
of Banks, published in the Official Gazette numbered 28756 and dated 5
September 2013 that meet the criteria for the inclusion in Tier 2 Capital,
to be sold to qualified investors up to the aggregate amount of TL
7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with
different types and maturity dates, 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), in one or more issuances, and authorized
the Head Office to determine the maturity date of such debt instruments, 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 to be issued, 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.
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.: 83565
EQS News ID: 1127871
End of Announcement EQS News Service
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=36e9e642f2f94e6d927c24cc79cc409f&application_id=1127871&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1127871&site_id=vwd&application_name=news
(END) Dow Jones Newswires
September 04, 2020 12:00 ET (16:00 GMT)
© 2020 Dow Jones News
