Turkiye Garanti Bankasi A.S. Approves Foreign Debt Instrument Issue Limit

On June 6, 2024, the Board of Directors of Turkiye Garanti Bankasi A.S. (Garanti BBVA) authorized the Head Office to issue green and/or sustainable bonds, subordinated debts, or other debt instruments. This authorization is subject to market conditions and allows for total issuances up to $2,000,000,000 or equivalent in Turkish Lira or other foreign currencies.

The issuances can include various series and maturities with fixed or floating interest rates, determined at the time of issuance. Sales will occur outside Turkey in one or more issuances without a public offering.

This decision aligns with the principles of the Board’s Communiqué, Serial II Nr.15.1. The bank ensures the accuracy and completeness of the information and declares responsibility for the statements made. Any discrepancy between the Turkish and English versions of this announcement will defer to the Turkish version.