Turkiye Garanti Bankasi A.S.: Annoucement about Tender Offer

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Annoucement about Tender Offer

DATE: November 29, 2024

 

Ref: Our public disclosure dated 21.11.2024

 

On November 21, T. Garanti Bankası A.Ş. announced a cash Tender Offer for the Tier 2 bonds with the ISIN code XS1617531063 and US900148AE73, with a nominal value of USD 750,000,000 due date 2027. Banco Bilbao Vizcaya Argentaria, S.A., Standard Chartered Bank have been authorized for the Redemption Offer.                  

 

Tender offer Results:

 

Start date:     21 November 2024

Expiry Date:     27 November 2024 -17:00 New York time

Announcement Date:    29 November 2024

Payment date:     December 3, 2024

Tender Offer price:    101.4

Aggregate Principal Amount of Notes accepted for purchase: 134,248,000 Dollars

 

The Notes in which the Offer was repurchased will be canceled and the remaining principal amount of the Notes outstanding will be $615,752,000.

 

*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

E-mail: investorrelations@garantibbva.com.tr

www.garantibbvainvestorrelations.com