Japan PPI inflation slips to 11-mth low in July
ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), known as Garanti BBVA (BME:BBVA), has submitted an application for the issuance of intermediary institution warrants, with a nominal value totaling 150 million Turkish Lira. The application, made to the Banking Regulation and Supervision Agency and the Capital Markets Board of Turkey, follows the authorization by the bank’s Board of Directors on February 27, 2025.
The public offering, aimed at qualified investors, involves the issuance of 15 billion "Garanti Bank Intermediary Institution Warrants," each with a nominal value of 1 Kuruş. This move is part of the domestic efforts by Garanti BBVA to expand its financial instruments within the Turkish market.
The bank has assured that the information provided is in accordance with the principles of the Board’s Communiqué, Serial II Nr.15.1, and accurately reflects their records, books, and documents. Garanti BBVA has taken responsibility for the correctness and completeness of the declarations made regarding this issuance.
The issuance of these warrants is significant as it represents a substantial investment vehicle for qualified investors and indicates the bank’s proactive approach to offering diverse financial products in the domestic market. This development could potentially affect the bank’s position within the Turkish financial sector, depending on the uptake of the warrants by the investment community.
As per the bank’s statement, in case of any discrepancy between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
This information is based on a press release statement from Garanti BBVA. The bank, listed under the ticker TGBD, has not disclosed further details regarding the timing of the offering or the specific terms of the warrants. Interested investors and stakeholders are directed to follow up with Garanti BBVA’s Investor Relations for more information.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.