Summary Info
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CMB approval and completing the sale of issuance of subordinated notes issued at abroad by our Bank
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Update Notification Flag
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Yes
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Correction Notification Flag
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No
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Postponed Notification Flag
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No
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Subject of Notification
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Completion of the Sale
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Board Decision Date
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12.01.2023
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Currency Unit
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USD
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Limit
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2.000.000.000
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Issue Limit Security Type
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Subordinated Debt Securities
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Sale Type
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Oversea
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Domestic / Oversea
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Oversea
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Capital Market Board Approval Date
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02.03.2023
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Capital Market Instrument To Be Issued Info
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Type
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Subordinated Debt Securities
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Maturity Date
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28.02.2034
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Maturity (Day)
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3.653
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Sale Type
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Oversea
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The country where the issue takes place
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İngiltere
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Central Securities Depository
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Euroclear/Clearstream
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Nominal Value of Capital Market Instrument Sold
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500.000.000
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Maturity Starting Date
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28.02.2024
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Issue Exchange Rate
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30,9652
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Interest Rate Type
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Fixed Rate
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Traded in the Stock Exchange
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No
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Payment Type
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Foreign Exchange Payment
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ISIN Code
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XS2773062471
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Coupon Number
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0
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Redemption Date
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28.02.2034
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Record Date
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27.02.2034
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Payment Date
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28.02.2034
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Currency Unit
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USD
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Does the issuer have a rating note?
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Yes
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Issuer Rating Note |
Rating Company
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Rating Note
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Rating Date
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Is it Investment Grade?
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Fitch
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B-(durağan)
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17.01.2024
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Yes
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Does the capital market instrument have a rating note?
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Yes
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Capital Market Instrument Rating Note |
Rating Company
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Rating Note
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Rating Date
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Is it Investment Grade?
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Fitch
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CCC+
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21.02.2024
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No
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Does the originator have a rating note?
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No
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Ref: Our public disclosure dated 22.02.2024 The sale of the issuance of subordinated notes (XS2773062471 & US900148AF49) with 10 year maturity with the nominal value of USD 500 million, has been completed and receipt of the funds has been realized. Additionally, CMB approved the issuance certificate of the transaction. Please kindly find attached the related document. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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Appendix: 1
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2024 02 28Türkiye Garanti Bankası A.Ş. Tertip İhraç Belgesi.pdf
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