Gold bars to be exempt from tariffs, White House clarifies
ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD) has received approval from Turkey’s Capital Markets Board (CMB) for bond issuances totaling $500 million and €100 million under its Global Medium Term Notes (GMTN) program, according to a Friday statement from the bank.
The approved issuances include two U.S. dollar-denominated bonds: one for $200 million and another for $300 million, along with a €100 million euro-denominated bond. All three bonds share the same issue date of August 8, 2025, and will mature on August 13, 2026, giving them a one-year term.
These bonds are being issued under Garanti BBVA (BME:BBVA)’s GMTN program, which was established on April 19, 2013, to facilitate borrowing instruments in various currencies with different series and maturities.
The bank received the CMB issuance certificates for these bonds, which carry the ISIN codes XS3146739993 and XS3145801414 for the dollar-denominated bonds, and XS3146740066 for the euro-denominated bond.
Garanti BBVA, one of Turkey’s largest private banks, regularly accesses international capital markets through its GMTN program. The bank stated in its press release that the information provided complies with the principles included in the Board’s Communiqué and reflects accurate information regarding the bond issuances.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.