Announcement Regarding the Mortgage Covered Bond Programme
Announcement Regarding the Mortgage Covered Bond Programme
Reference: Garanti Bank Public Disclosure Dated June 23, 2017
It was announced with the public disclosure referenced above that as per the resolution of the Bank's Board of Directors dated November 3rd, 2016, the Head Office has been authorized to apply to the CMB and BRSA for the renewal of mortgage covered bonds issuance approval up to EUR 2 billion in total or equivalent in any other currency including Turkish Lira, to be sold without public offering, outside Turkey and the applications to the CMB in order to make bond issuances and private placements in favor of International Finance Corporation-IFC have been completed.
Accordingly, it was announced in the letter of the CMB dated June 28,2017 that our Bank’s application has been approved and the proceeds of the issuance in the amount of 528,697,500 Turkish Lira equivalent to USD 150 million have been transferred to Garanti Bank's accounts on June 30, 2017.