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ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), also known as Garanti BBVA (BME:BBVA), has submitted a draft issuer information document to the Capital Markets Board for approval, the bank announced on Wednesday. The document pertains to the bank’s issuance of Investment Institution Warrants up to a total amount of 150 million Turkish Lira.
On February 27, 2025, Garanti Bank resolved to apply for the issuance of these warrants, each with a nominal value of TRY 0.1, totaling an aggregate nominal value of 15 billion. The warrants are planned to be issued within a one-year period.
The bank has stated that the information provided is in accordance with the principles of the Board’s Communiqué, Serial II Nr.15.1, and reflects accurate records from the bank’s documents. Garanti BBVA has emphasized its responsibility for the accuracy of the declarations made in this context.
The information shared in this announcement is based on the press release statement issued by Garanti BBVA and has not been independently verified.
Investors are advised to note that in case of discrepancies between the Turkish and English versions of this public disclosure, the Turkish version will take precedence. The bank has not disclosed further details regarding the specific use of proceeds from the warrant issuance or the potential impact on its financial position.
This initiative is part of the bank’s broader strategy to secure additional funding and provide new investment instruments in the Turkish financial market. The approval process by the Capital Markets Board is a regulatory step necessary for the bank to proceed with the issuance.
Garanti BBVA is a prominent financial institution in Turkey, offering a variety of banking services. The bank’s move to issue investment institution warrants is a reflection of its ongoing efforts to diversify its financial instruments and provide options for investors in the capital market.
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