Turkiye Garanti Bankasi A.S. (TGBD)
05-Jul-2021 / 12:02 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: Announcement regarding borrowing instruments issuances limit
DATE: July 05, 2021
Board of Directors resolved to issue mortgage covered bond for one or more issuances, with different series and maturities, and having fixed and/or floating interest rates to be determined at the issuance times in accordance with market conditions, to the extent that the relevant legislation allows, up to EUR 750 million in total or equivalent in any other currency including Turkish Lira, to be sold without public offering, outside Turkey and up to 5 Billion Turkish Liras to be sold without public offering, inside Turkey or to qualified investors or by private placement and application has been made to the Capital Markets Board on May 18, 2021 in line with the decisions with regard to issue mortgage covered bond for one or more issuances, with different series and maturities, and having fixed and/or floating interest rates to be determined at the issuance times in accordance with market conditions, to the extent that the relevant legislation allows, up to EUR 400 million in total or equivalent in any other currency including Turkish Lira, to be sold without public offering, outside Turkey and up to 3 Billion Turkish Liras to be sold without public offering, inside Turkey or to qualified investors or by private placement. It was announced in the weekly bulletin of the Capital Markets Board ("CMB") numbered 33/1027 that the above-mentioned application has been approved by the CMB.
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
