Turkiye Garanti Bankasi A.S. Announces Approval for Debt Issuance

Turkiye Garanti Bankasi A.S. has received approval from the Capital Markets Board for a major debt issuance. The bank plans to issue structured debt securities up to TRY 50,000,000,000. The authorization was decided on September 5, 2024, with the approval granted on February 26, 2025. The issue will involve structured debt securities, available through public offering, private placement, or sale to qualified investors.

The securities will be domestic with a currency unit in TRY. Potential instruments include fixed or floating rate bonds, debentures, and credit-linked notes. The bank had initially applied to the Banking Regulation and Supervision Agency and Capital Markets Board on September 13, 2024.