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ISTANBUL - Türkiye Garanti Bankası A.Ş., one of Turkey’s largest private banks, has announced the redemption prices for a series of warrants with a maturity date of May 30, 2025. The warrants, linked to USD/TRY and EUR/USD currency pairs, were redeemed at values ranging from 0.00 to 2.87, depending on the strike price and type of the warrant (call or put).
The bank detailed the specific redemption prices for each warrant in a structured table format, indicating the underlying asset type and the corresponding maturity price. For example, the call warrant with the short code UDGCU.V and underlying asset type EURUSD had a maturity price of 2.87, while the put warrant with the short code UDGSZ.V and underlying asset type USDTRY had a maturity price of 2.40.
Investors holding these financial instruments will receive payment through Merkezi Kayıt Kuruluşu A.Ş. (MKK), the central securities depository of Turkey, on June 4, 2025.
This financial event comes as part of the regular operations of the bank in managing its structured financial products. Warrants are a type of security that gives the holder the right, but not the obligation, to buy or sell a specific amount of an underlying asset at a predetermined price before a certain expiry date.
The announcement from Garanti Bank, also known as Garanti BBVA (BME:BBVA) following a branding partnership with Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria, is a routine disclosure aimed at informing the investment community of the redemption details as per the legal requirements.
Garanti BBVA has emphasized that the information provided is in accordance with the principles included in the Board’s Communiqué, Serial II Nr.15.1, and reflects the information received by the bank while also complying with their records, books, and documents.
The bank’s statement assures that they have endeavored to obtain correct and complete information regarding the subject matter and that they are responsible for the declarations made in this regard. In case of any discrepancy between the Turkish and English versions of the disclosure, the Turkish version is to be considered authoritative.
This news is based on a press release statement from Garanti BBVA.
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