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ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), commonly known as Garanti Bank, has applied to the Capital Markets Board with a draft note for the issuance of new investment institution warrants. The bank aims to issue warrants with a total nominal value of up to 15 billion units, each with a nominal value of TRY 0.1, amounting to a total of 150 million Turkish Lira.
The application, submitted following a resolution adopted by Garanti Bank on February 27, 2025, proposes the issuance of these securities within a one-year period. The draft "Capital Markets Instrument Note" is currently awaiting approval from the regulatory board.
Investment institution warrants are financial instruments that give the holder the right to buy or sell a specific amount of a financial asset at a predetermined price before a certain date. These warrants are typically used by investors to hedge against market risks or speculate on market movements.
Garanti Bank has confirmed that the information provided in the application is consistent with their records and complies with the principles of the Board’s Communiqué, Serial II Nr.15.1. The bank also emphasized its responsibility for the accuracy and completeness of the declarations made in this regard.
The Turkish version of the public disclosure will take precedence in case of any contradictions between the Turkish and English versions. This move by Garanti Bank is part of its broader efforts to diversify its financial instruments and provide additional investment options to its clientele.
The bank’s initiative to issue new warrants comes at a time when financial institutions are increasingly looking to expand their product offerings to meet the evolving needs of investors. Garanti Bank’s proposed issuance is subject to regulatory approval, and the bank’s statement is based on a press release statement, which is the sole source of this information.
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