Announcement Regarding the Mortgage Covered Bond Programme
Announcement Regarding the Mortgage Covered Bond Programme
Reference: Garanti Bank Public Disclosure Dated October 09, 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 to secure a financing in the amount of EUR 200 million equivalent to Turkish Lira, with 5 or 6 years maturity, which will be used for SME financing, under Covered Bond Programme have been completed.
Accordingly, the CMB Drawdown Approval dated 12.10.2017 is enclosed herewith.