Turkiye Garanti Bankasi A.S.: Coupon Rate of Subordinated Debt Securities to Qualified Investors

Turkiye Garanti Bankasi A.S. (TGBD) has announced the nineteenth coupon rate for its subordinated debt securities. These securities, which qualify for Tier 2 capital inclusion, have a nominal value of TRY 252,880,000 and a maturity of 3,651 days. The coupon payments are indexed to the BIST TLREF index and have been set at 13.9057%.

The approval for this issuance was granted on July 30, 2019. The bonds, sold domestically to qualified investors, have a maturity date of October 7, 2029. The ISIN code for these securities is TRSGRANE2915.

Previous coupon payments have varied, with rates ranging from 2.4533% to 5.9504%. The next payment is scheduled for October 7, 2024. These securities serve as an integral part of the bank's strategy to bolster its capital structure.