Turkiye Garanti Bankasi A.S. Secures Issuance Approval

Turkiye Garanti Bankasi A.S. has received approval for a significant issuance, as disclosed in the latest CMB Bulletin. The decision to authorize this move was made on September 5, 2024. The bank is prepared to issue debt securities, specifically Tier 2 Notes, with an impressive limit set at 10 billion Turkish Lira (TRY).

The securities are slated for sale to qualified investors within the domestic market. This aligns with the bank's strategy to bolster its financial standing through targeted domestic offerings.

Garanti BBVA assures that the information disclosed is accurate and conforms to their internal records and regulatory requirements. Their commitment to transparency in this financial transaction is evident as they vow responsibility for the declarations made.