TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Announcement Regarding the Mortgage Covered Bond Programme
DATE: October 13, 2017
Reference: Garanti Bank Public Disclosure Dated October 12, 2017
It was announced with the public disclosure referenced above that as per the resolution of the Bank's Board of Directors dated November 3rd, 2016, the Head Office was authorized to apply to the CMB and BRSA for the renewal of mortgage covered bonds issuance approval up to EUR 2 billion in total or equivalent in any other currency including Turkish Lira, to be sold without public offering, outside Turkey and our Bank's application to the CMB in order to make bond issuances and private placements has been approved.
Accordingly, the proceeds of the issuance in the amount of 840.320.000 Turkish Lira equivalent to EUR 200 million have been transferred to Garanti Bank's accounts on October 13, 2017.
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.
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: [email protected]
This information is provided by RNS