US LNG exports surge but will buyers in China turn up?
ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD) announced Wednesday it has completed the sale of subordinated notes with a nominal value of $500 million.
The 10.5-year maturity notes (XS3106498051-US900148AH05) were issued abroad, and the bank confirmed the receipt of funds has been realized. The completion follows the bank’s initial public disclosure about the issuance made on June 24, 2025.
The announcement was made through a regulatory filing where the bank stated that the transaction had been finalized.
Garanti BBVA (BME:BBVA), one of Turkey’s leading financial institutions, did not provide details regarding the interest rate of the notes or how the proceeds would be utilized.
Subordinated notes typically rank below other debt obligations in terms of claims on assets or earnings, often serving to strengthen a bank’s capital position and meet regulatory requirements.
The information was based on a press release statement issued by the bank.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.