Turkiye Garanti Bankasi redeems EUR 25 million MTN debt
In a press release, Turkiye Garanti Bankasi A.S. announced its intention to apply for authorization to issue investment institution warrants, with a total value of 150 million Turkish lira. The bank's board approved the proposal for the warrant issuance on September 3. The proposed warrants would amount to 15 billion units, with each unit carrying a nominal value of 0.1 Turkish lira.
The bank submitted the draft issuer information document to the Capital Markets Board on September 18 for their approval. The warrants are set to be issued within a one-year timeframe. Garanti BBVA's investor relations department confirmed the announcement on September 18. The bank affirmed that the information adheres to the principles outlined in the Board’s Communiqué, Serial II Nr.15.1.
Garanti Bankasi emphasized that in situations where there is a discrepancy between the Turkish and English versions of the disclosure, the Turkish version takes precedence.
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