Turkiye Garanti Bankasi Announces Structured Note Issue to Qualified Investors
January 11, 2018 at 03:41 pm IST
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Turkiye Garanti Bankasi announced structured note issue to qualified investors. Pursuant to the approval of the Capital Markets Board on March 10, 2017 regarding the issuance of all kinds of debt instruments locally including but not limited to bills/bonds and/or credit risk-based debt instruments and other structured debt instruments in Turkish Liras in an amount up to TRY 20,000,000,000 subject to fixed or variable interest rate, different maturity dates with the purpose of selling to qualified investors; the issuance of the structured note with a nominal value of TRY 43,556,000 and a term of 50 days to qualified investors has been realized as of January 11, 2018. Redemption and payment date is March 2, 2018.
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
