Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (BIST:TGBD), commonly known as Garanti BBVA (BME:BBVA), has received approval from the Capital Markets Board (CMB) to issue bonds in foreign markets under its Global Medium Term Notes (GMTN) program. The bank announced the approval for the bond issuance on May 02, 2025.
The GMTN program, established on April 19, 2013, enables Garanti BBVA to issue borrowing instruments in various currencies with different series and maturities. The recent CMB issuance certificate pertains to a bond with the International Securities Identification Number (ISIN) XS3063771086. The Euro-denominated bond, valued at 20 million euros, was issued on May 02, 2025, and is set to mature on November 05, 2025.
Garanti BBVA has confirmed that the information provided is consistent with the principles included in the Board’s Communiqué, Serial II Nr.15.1, and accurately reflects the bank’s records, books, and documents. The bank has affirmed its responsibility for the accuracy of the statements made.
This bond issuance is part of Garanti BBVA’s broader strategy to diversify its funding sources and enhance its foreign market presence. The bank’s ability to issue bonds in different currencies provides flexibility in meeting its financing needs and managing its currency risk.
The information for this news article is based on a press release statement from Garanti BBVA. The Turkish version of the public disclosure will prevail in the event of any contradiction between the Turkish and English versions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.