on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S. Reveals Tender Offer Results
On November 29, 2024, Turkiye Garanti Bankasi A.S. announced the results of its cash tender offer. The offer targeted Tier 2 bonds with ISIN codes XS1617531063 and US900148AE73, originally valued at USD 750 million. Banco Bilbao Vizcaya Argentaria, S.A. and Standard Chartered Bank managed the redemption offer.
The tender offer commenced on November 21 and expired on November 27. The offer price was set at 101.4, and an aggregate principal amount of USD 134,248,000 worth of notes was accepted for purchase. Following the repurchase, these notes will be canceled, leaving a remaining principal amount of USD 615,752,000 outstanding.
R. P.
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