Garanti Bank secures CMB nod for foreign bond issuance

ISTANBUL - Turkiye Garanti Bankasi (IS:) A.S. (TGBD), one of Turkey's largest private banks, has received approval from the Capital Markets Board (CMB) to issue bonds in international markets. This move, part of the bank's Global Medium Term Notes (GMTN) program established on April 19, 2013, aims to diversify its borrowing instruments by issuing bonds in various currencies with different series and maturities.

The bank disclosed the issuance certificates for two recent bond issuances under the GMTN program. On January 21, 2025, Garanti Bank issued bonds worth GBP 26.98 million with a maturity date of February 13, 2026, and USD 17.5 million set to mature on January 22, 2026. These bonds are designed to expand the bank's funding base and support its financial operations in the foreign markets.

This strategic financial maneuver is indicative of Garanti Bank's efforts to strengthen its presence in the global financial markets and to secure diversified funding sources. The bank has expressed its commitment to transparency and conformity with regulatory principles, ensuring that its disclosures are consistent with the information on its records and documents.

Investors and stakeholders have been informed about the development, which reflects the bank's adherence to the regulations and its responsibility towards accurate public declarations. The bank has made it clear that in the case of any discrepancies between the Turkish and English versions of the disclosure, the Turkish version shall prevail.

This announcement is based on a press release statement and is intended to inform the investment community of the recent regulatory approval received by Garanti Bank for its bond issuance to foreign markets. The issuer is solely responsible for the content of this announcement.

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