Garanti Bank receives approval for warrant issuance

ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), a prominent financial institution in Turkey, has announced the Capital Markets Board’s approval of a summary prospectus for the issuance of "Garanti Bank Intermediary Institution Warrants." The approval signifies a new financial instrument offering by the bank, aimed at expanding its investment options for clients and investors.

The approved summary, which is part of the bank’s public disclosure, was released on Monday and details the terms and conditions under which the warrants will be issued. Warrants are financial derivatives that give the holder the right, but not the obligation, to buy or sell a security—most commonly equity—at a certain price before the warrant expires.

Garanti Bank emphasized the accuracy and compliance of the information provided with the Capital Markets Board’s regulations, underscoring the importance of transparency and reliability in its disclosures to the investment community.

The bank’s statement also highlighted that in cases of discrepancy between the Turkish and English versions of the public disclosure, the Turkish version would take precedence. This ensures that local regulatory standards are maintained as the primary reference for the bank’s operations and communications.

The issuance of these warrants is part of Garanti Bank’s broader strategy to diversify its financial products and provide additional tools for investment and risk management. It reflects the bank’s ongoing efforts to enhance its services and meet the evolving needs of its clientele.

Investors interested in the specifics of the warrant issuance can refer to the summary prospectus for detailed information. The bank has made it clear that it has taken all necessary steps to ensure the completeness and correctness of the information provided regarding this new financial product offering.

This development is based on a press release statement issued by Garanti Bank, and it marks a significant addition to the bank’s investment portfolio, providing investors with more options in Turkey’s financial markets.

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