Turkiye Garanti Bankasi A.S. Receives CMB Approval for Foreign Bond Issuance

Turkiye Garanti Bankasi A.S. (Garanti BBVA) has obtained approval from the Capital Markets Board (CMB) for its bond issuance to international markets. This issuance is part of the Global Medium Term Notes (GMTN) program, initially announced on April 19, 2013. The program allows for the issuance of borrowing instruments in various currencies and maturities.

The newly approved bond, with the ISIN XS3063771086, is set to be issued on May 2, 2025, and will mature on November 5, 2025. The nominal amount of the issuance is EUR 20,000,000. This move signifies Garanti BBVA's efforts to expand its funding sources through global markets.

This approval is a testament to the bank's compliance with regulatory standards, as specified in the Board's Communiqué, ensuring transparency and accuracy in its disclosures.