Summary Info
Early redemption of the MTN Issued by our Bank
Update Notification Flag
Yes
Correction Notification Flag
No
Postponed Notification Flag
No
Subject of Notification
Early Redemption
Board Decision Date
14.02.2024
Related Issue Limit Info
Currency Unit
USD
Limit
6.000.000.000
Issue Limit Security Type
Debt Securities
Sale Type
Oversea
Domestic / Oversea
Oversea
Capital Market Board Approval Date
04.04.2024
Capital Market Instrument To Be Issued Info
Type
Bond
Maturity Date
31.10.2025
Maturity (Day)
368
Sale Type
Oversea
The country where the issue takes place
İngiltere
Central Securities Depository
Euroclear/Clearstream
Nominal Value of Capital Market Instrument Sold
150.000.000
Maturity Starting Date
28.10.2024
Issue Exchange Rate
34,2506
Interest Rate Type
Fixed Rate
Traded in the Stock Exchange
Yes
Payment Type
Foreign Exchange Payment
ISIN Code
XS2929970437
Coupon Number
0
Redemption Date
31.10.2025
Record Date
30.10.2025
Payment Date
31.10.2025
Currency Unit
USD
Rating
Does the issuer have a rating note?
Yes
Issuer Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
Fitch /Moody's
Long Term FC BB- / Long Term FC Ba3
17.09.2024
No
Does the capital market instrument have a rating note?
No
Does the originator have a rating note?
No
Early Redemption Info
Early Redemption Demand Starting Date
11.07.2025
Early Redemption Demand Starting Time
09:00
Early Redemption Demand Ending Date
24.07.2025
Early Redemption Demand Ending Time
18:00
Early Redemption Date
24.07.2025
Record Date
23.07.2025
Payment Date
24.07.2025
Nominal Amount Of Early Redemption
150.000.000
Remaining Amount After Early Redemption
0
Early Redemption Payment Rate (Coefficient)
1
Amount of Payment as Early Redemption
150.000.000
Currency Unit
USD
Was All the Issued Amount Subject to Early Redemption?
Yes
Additional Explanations
Reference: Public disclosure of T. Garanti Bankası A.Ş on 28.10.2024. With the related public disclosure, it was announced that the sale of the notes amounting to USD 150,000,000 with 368 days maturity and puttable was completed on 28.10.2024. The investor has decided to use the put option regarding the notes (ISIN: XS2929970437). Accordingly, the notes redeemed on 24 July 2025. *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.