Bullish indicating open at $55-$60, IPO prices at $37
ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), a prominent Turkish bank, disclosed the redemption prices for its brokerage houses warrants with a maturity date of January 31, 2025. The bank informed the investment community that the payments related to these warrants will be executed by Merkezi Kayıt Kuruluşu A.Ş. (MKK) on February 5, 2025.
The redemption prices were listed for various warrants with underlying assets in USDTRY, EURUSD, and GBPUSD currency pairs. The redemption prices for the put and call warrants ranged from 0.00 to 4.20 for USDTRY, 0.00 to 3.63 for EURUSD, and 0.00 to 2.43 for GBPUSD. The specific redemption price for each warrant type was detailed in a table format, indicating the short code, long code, underlying asset type, warrant type, multiplier, underlying benchmark maturity settlement value, and the maturity price.
This announcement is a routine procedure for the bank, ensuring that investors are informed about the values at which their warrants can be redeemed upon maturity. The bank’s statement also clarified that in case of any contradiction between the Turkish and English versions of this public disclosure, the Turkish version would prevail.
The bank’s communication concluded with a statement of conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1. It affirmed that the information provided was in accordance with their records, books, and documents, and that the bank took due diligence in presenting accurate and complete information.
The information in this article is based on a press release statement from Turkiye Garanti Bankasi A.S.
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