BRÈVE

sur Turkiye Garanti Bankasi A.S. (isin : US9001487019)

Turkiye Garanti Bankasi A.S. Announces Early Redemption of Subordinated Debt Securities

Turkiye Garanti Bankasi A.S. has successfully executed the early redemption of its subordinated debt securities, originally slated for maturity in 2029. These securities amount to a nominal value of TRY 252,880,000 and were set with a maturity of 3651 days, featuring quarterly coupon payments aligned with the BIST TLREF index.

This redemption, effective as of October 9, 2024, involved the payment of both principal and coupon for a period of two days, applying a coupon rate of 0.2807% with a dirty price computed at 100.2807. The board had sanctioned this move on July 30, 2019.

The bonds were initially sold to qualified investors beginning October 3, 2019, with the sale concluding on October 8, 2019. The debt securities have been issued under a domestic sale framework, emphasizing Garanti's commitment to its investors.

R. P.

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