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Turkiye Garanti Bankasi A.S. (TGBD)

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Tuesday 11 May, 2021

Turkiye Garanti Bankasi A.S.

Board Of Directors Decision About Establishing an Issuance Program for Covered Bonds and Authorization of Head Office for Necessary Operations

Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Board Of Directors Decision About Establishing an Issuance Program for Covered Bonds and Authorization of Head Office for Necessary Operations

11-May-2021 / 07:51 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: Board Of Directors Decision About Establishing an Issuance Program for Covered Bonds and Authorization of Head Office for Necessary Operations

 

 

DATE: May 10, 2021

 

 

Authorized Member Decision Date

06.05.2021

Issue Limit

10,000,000,000

Currency Unit

TRY

Issue Limit Security Type

Mortgage Covered Bonds

Sale Type

Sale To Qualified Investors

Domestic / Overseas

Domestic

 

With regard to the domestic Mortgage-Covered Bond ("MCB") issuance by the Bank pursuant to Capital Markets Law No. 6362, published on the Official Gazette dated December 30, 2012 and numbered 28513, and the Communique on Covered Bonds (III-59.1) published on the Official Gazette dated January 21, 2014 and numbered 28889, and the regulations to supersede the foregoing in the future, and any other relevant regulations; our board of directors approved, to establish an issuance program that will, contractually enable the issuance of MCBs maximum up to TRY 10 billion in different series and maturities in one or more issuances, determining and authorizing the relevant institutions, including the regulatory bank, legal consultancy, rating agency and the collateral responsible, if any, during the issuance process, determining and approving the workflows for keeping the collateral book, and establishing a cover pool, and approved authorisations regarding the necessary processes and applications.

 

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: [email protected]
www.garantibbvainvestorrelations.com

 



ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 104156
EQS News ID: 1194890

 
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