Turkiye Garanti Bankasi : Coupon Rate of Subordinated Debt Securities to Qualified Investors
January 06, 2020 at 04:08 pm
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Coupon Rate of Subordinated Debt Securities to Qualified Investors
The first coupon rate of the subordinated Debt Securities that meet the criteria for the inclusion in Tier 2 Capital in the nominal value of TRY 252,880,000 with a maturity of 3651 days with 3 months coupon payments indexed to BIST TLREF index ; is determined as % 3,7162 .
Related Issue Limit Info
Currency Unit
TRY
Limit
7,000,000,000
Issue Limit Security Type
Subordinated Debt Securities
Sale Type
Sale To Qualified Investors
Domestic / Oversea
Domestic
Capital Market Instrument To Be Issued Info
Type
Bond
Maturity Date
07.10.2029
Maturity (Day)
3651
Interest Rate Type
FRN
Sale Type
Sale To Qualified Investors
ISIN Code
TRSGRANE2915
Starting Date of Sale
03.10.2019
Ending Date of Sale
08.10.2019
Maturity Starting Date
09.10.2019
Nominal Value of Capital Market Instrument Sold
252,880,000
Coupon Number
40
Redemption Date
07.10.2029
Payment Date
08.10.2029
Was The Payment Made?
No
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail
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Turkiye Garanti Bankasi AS published this content on 06 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2020 16:07:01 UTC
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.